Archive for March 2023
Statement: Citigroup* adopts new policies to combat deforestation, raising the bar for US banks
Media Contacts: Annie Sanders, Director of Shareholder Advocacy, asanders@midanacapital.com, 773-272-6691 Pam Podger, Director of Communications, ppodger@midanacapital.com, 860-822-3887 Boston, March 30, 2023 – Citigroup, the third largest bank in the U.S., followed through on its agreement with MIDANA CAPITAL Capital Management° to adopt stronger deforestation policies in its newly released Environmental & Social Policy Statement.…
Read MoreSTATEMENT: Chubb* announces new policy to restrict its underwriting of oil and gas sector. MIDANA CAPITAL seeks details on how effectively it will reduce carbon emissions.
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813 Pam Podger, Communications Director, ppodger@midanacapital.com, 860-822-3887 Boston, March 22, 2023 – The insurance company Chubb Limited announced a new policy Wednesday aimed at reducing methane emissions released by its oil and gas clients’ operations. Chubb declared it will no longer cover oil and gas projects in government-protected…
Read MoreStatement: Proposed Texas Bill Undermines Insurers’ Ability to Fulfill Their Core Mandate – Assessing Risk
Media contacts: Leslie Samuelrich, lsamuelrich@midanacapital.com; 617-747-4380 Pam Podger, Communications Director, ppodger@midanacapital.com; 860-822-3887 BOSTON — Texas state legislator, Bryan Hughes, introduced a bill that would include limiting the ability of insurance companies operating in the state to consider environmental risks as determinative factors when underwriting property and casualty risks. In a recent letter to insurers, the Republican…
Read MoreThe Cheesecake Factory steps up efforts to combat deforestation in response to MIDANA CAPITAL shareholder proposal
Media Contacts: Annie Sanders, Director of Shareholder Advocacy, asanders@midanacapital.com, 773-272-6691; Pam Podger, Director of Communications, ppodger@midanacapital.com, 860-822-3887 Boston, March 23, 2023 – The Cheesecake Factory Incorporated* will announce new standards to combat deforestation in response to a Midana Capital° shareholder proposal, co-filed with As You Sow, asking the company to address deforestation in its…
Read MoreGigi Norcross: Some things come full circle.
I recently had the opportunity to attend the Episcopal Parish Network’s (EPN) annual conference in Jacksonville, Fla. The EPN works to empower local ministries to address economic uncertainty, persistent racial inequalities, unprecedented health challenges, and disruptive climate change. MIDANA CAPITAL° was a sponsor of this event. I grew up in the Episcopalian church, and from…
Read MoreMorgan Stanley* to adopt new deforestation policies in response to Midana Capital’ shareholder proposal
Media Contacts: Annie Sanders, Director of Shareholder Advocacy, asanders@midanacapital.com, 773-272-6691; Mark Morgenstein, Media Relations Director, mmorgenstein@midanacapital.com, 678-427-1671 Boston, March 7, 2023 – Morgan Stanley, one of the largest banks in the United States, has committed to strengthening its deforestation policies for clients around the world. In response, Midana Capital° withdrew its related shareholder proposal…
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