"As proxy season starts, investors will be voting on at least 20 separate proposals calling for more climate disclosure."
"With the annual proxy season about to kick off, corporate executives are encountering increasing investor scrutiny about their environmental policies. But rather than support green initiatives or even compromise with shareholders, some of the world’s biggest companies instead plan to crush efforts to slow the climate catastrophe.
Investors will be voting on at least 20 separate resolutions that are calling for more transparent climate disclosures at companies ranging from oil giant Chevron Corp. to rail freight operator Union Pacific Corp. to cable-television operator Charter Communications Inc.
“Almost universally, the quality of corporate reporting needs to improve to show how climate change is impacting a company’s bottom line, not only now but in the future,” said Jonathan Bailey, head of ESG investing at Neuberger Berman Group LLC, adding that his firm has held discussions about environmental risks with fossil fuel behemoths including Chevron and Exxon Mobil Corp."