Empowering shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation.
Joined April 2018
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Majority Action retweeted
Chevron's ($CVX) "racial equity audit" fails to satisfy shareholders' request both in terms of content and process. Not only were the co's impacts on communities of color not assessed, relevant stakeholder voices were not consulted in its development. bit.ly/3MfVOuB
Majority Action retweeted
I'm watching today as shareholders vote on resolutions demanding that @Citi, @WellsFargo, and @BankofAmerica set stronger climate targets and stop financing fossil fuels.
Not meeting these commitments puts our planet and financial system at huge risk.
washingtonpost.com/politics/…
Majority Action retweeted
Financial institutions should consider all risks to investments, including the systemic risk of climate change.
@Vanguard_Group's response to climate risk can't go unchecked.
I urge their clients to raise concerns, like NYC is doing w/our fund managers.
marketwatch.com/story/retire…
Majority Action retweeted
#Financesector alliances may need to refresh their tactics to progress toward #netzero goals in 2023, as they face multiple sources of criticism. @GillWadsworth's feature includes insights from @IIGCCnews, @LAPFForum and @majorityact. Read more here: esginvestor.net/new-ideas-be…
Majority Action retweeted
As we told BlackRock last month:
A net zero goal that is not backed by a firm commitment to reduce emissions and keep fossil fuels in the ground is at odds with the path our economy must take to limit global temperature rise below 1.5°.
xitter.cf/NYCComptroller/status/…
BlackRock has repeatedly and rightly recognized climate change as an investment risk.
Yet the world's largest asset manager has not taken the necessary steps to address it.
I wrote to BlackRock CEO Larry Fink:
comptroller.nyc.gov/newsroom…
Majority Action retweeted
BlackRock (and other asset managers) can't have it both ways:
Climate change is a systemic investment risk.
Keeping fossil fuels in the ground must be central to any plan to mitigate that risk to our portfolio and our planet.
bloomberg.com/news/articles/…
Majority Action retweeted
The Supreme Court has just made its motive loud & clear. This isn’t about protecting lives. This is about power. Yesterday guns were given free rein in the midst of a gun violence epidemic, fueled by white supremacists, & now our bodies & rights are being legislated by fanatics.
Majority Action retweeted
EXCELLENT! @MassTreasury to oppose election of ALL members of @Chevron's board on 5/25 due to inaction on reducing global warming emissions. Treasurer Goldberg calls Chevron's lack of climate action - despite support from its shareholders - "a material risk to our beneficiaries."
Massachusetts Treasurer joins CalPERS in Announcing Opposition to Chevron Board Members for Failure to Respond to Climate Risk Concerns majorityaction.us/s/Massachu…
Majority Action retweeted
In the lead up to @ChubbNA's Annual General Meeting, shareholder advocacy firm @majorityact is recommending votes AGAINST directors at Chubb for failing to address the #ClimateCrisis. Learn more: bit.ly/3w5Hvz7
Majority Action retweeted
“Long-term investors expect boards to respond comprehensively to shareholder proposals receiving majority votes. We urge shareholders to hold Wendy’s board leadership accountable for these lapses in responsible governance.” @majorityact @ciw ciw-online.org/blog/2022/04/…
Majority Action retweeted
The US$68 trillion Climate Action 100+ initiative just released scores of 166 heavy-emitting companies they track.
They say the data is "alarming".
A huge understatement - investors have let companies issue long-term targets, while funding more fossil fuels.
Thread ⬇️
Majority Action retweeted
Vanguard’s investments not only place communities at high risk, but also pose reputational and material risk to a financial institution that has made claims to support environmental and racial justice. Read more in our latest report: acrecampaigns.org/research_p…
Majority Action retweeted
vote-no solicitation today at $EOG Resources from @majorityact. former shop @CarbonBubble relied on heavily. Maj Act recommending shareholders vote against the Chair and Presiding Director James Day
Majority Action retweeted
Shareholders pleaded with Chevron to cut emissions, now they're aiming to boot the chairman.
Huge thanks to Eli and @majorityact for taking this on.
washingtonpost.com/business/…
Majority Action retweeted
“More and more shareholders have been calling for transformational change from companies,” said Eli Kasargod-Staub @majorityact. “If @Chevron board members are failing to take action, we believe responsible shareholders will hold them accountable.” washingtonpost.com/business/…
Majority Action retweeted
BREAKING: Shareholders’ and Farmworkers’ Call for Board Accountability at @Wendys Due to Company’s Non-Responsiveness to Majority Shareholder Resolution Demanding Transparency on Human Rights
@IASJ_org @bradlander @ICCRonline @majorityact @DebGoldbergMA
ciw-online.org/blog/2022/03/…
Majority Action retweeted
This week's #ESGInvesting interview, conducted by @GillWadsworth, is with Eli Kasargod-Staub, Founder of @majorityact. He says #assetmanagers’ #proxyvoting policies need to demand positive action from #investee firms. Read more here: esginvestor.net/the-esg-inte…
Majority Action retweeted
We're told the Capitol insurrectionists were downtrodden folks fighting the system.
But it was really affluent people, backed by corporate cash #InvestedInRacism
COC President @rashadrobinson, @rahnamepting & @dorianwarren explain for @MajorityAct @SEIU
youtube.com/watch?v=_DzNtGk_…
Majority Action retweeted
The Insurrection doesn’t happen without a wink & nod from Corporate America. @rashadrobinson, @dorianwarren and I explain how @BlackRock, @Fidelity, @Vanguard_Group and @StateStreet weaponized our communities’ investments against us. youtu.be/_DzNtGk_JK0
Majority Action retweeted
Watch our ED @rahnamepting along with @rashadrobinson & @dorianwarren reveal how corporations backed the Insurrection & voter suppression—and how @BlackRock, @Fidelity, @Vanguard_Group and @StateStreet used money from our communities to block accountability.
The Insurrection doesn’t happen without a wink & nod from Corporate America. @rashadrobinson, @dorianwarren and I explain how @BlackRock, @Fidelity, @Vanguard_Group and @StateStreet weaponized our communities’ investments against us. youtu.be/_DzNtGk_JK0