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ICCR Issues 2012 Proxy Resolutions and Voting Guide

February 8, 2012 Comments off
Source:  Interfaith Center on Corporate Responsibility
With increasing attention to risk assessment, members of the Interfaith Center on Corporate Responsibility (ICCR) today release their 2012 Proxy Resolutions and Voting Guide including all member-sponsored shareholder proposals for the upcoming proxy season.
The Guide features 160 resolutions filed at 115 companies by ICCR members for 2012. Resolutions address investor concerns around human rights and supply chain accountability, financial practices and risk, health care, food and water sustainability, environmental health and corporate governance.
Said Laura Berry, Executive Director of ICCR, “Because so many of our members come from faith communities, their work is framed within the context of social justice. On the surface, this year’s proposals address perennial investor concerns around environmental, social and governance risks to shareholder value, but the social dimension has become much more prominent. Increasingly these proposals are being deliberately written to remind companies that the consequences of corporate decision-making aren’t abstractions, they have human faces.”
ICCR members filed 10 resolutions on hydraulic fracturing this proxy season. Said Pat Zerega of Mercy Investments, “ICCR has been issuing resolutions on the environmental impacts of fracking for years and the very high support they receive at shareholder meetings reflect anxieties around safety. But this year nearly all the resolutions on fracking cite community impact which stems directly from our member’s experience in towns where fracking occurs.”
As would be expected during an election year, resolutions on lobbying and political spending showed a sharp spike, and accounted for nearly a third of all resolutions filed in 2012.

2012 Shareholder Resolutions / Environmental Performance by Sector

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