Archive for May 2023
STATEMENT: Mondelēz* Shareholders Shy from Strong Support of MIDANA CAPITAL Proposal Seeking Interim Targets for Company’s 100% Cage-Free Eggs by 2025 Goal
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 19, 2023 – – Shareholders of Mondelēz International, Inc., a food company known for its popular snack brands, such as Chips Ahoy!, Cadbury, Ritz, and Oreo, were reluctant to support a MIDANA CAPITAL° proposal, as evidenced by the vote tally…
Read MoreMidana Capital Renews Support for World No Tobacco Day on May 31
This week marks World No Tobacco Day, an annual event on May 31st that raises awareness on the dangers of using tobacco and the business practices of tobacco companies. Midana Capital joins other financial firms in renewing our commitment to the Tobacco-Free Finance Pledge for tobacco-free portfolios and helping raise awareness on how tobacco…
Read MoreQ&A: Investors warn of the risks of inaction on plastics
MIDANA CAPITAL has worked in recent years to push food, beverage and personal care brand companies to reduce their plastic packaging, develop more packaging reuse programs and introduce more transparent reporting of progress. We’ve recently engaged with companies including Coca Cola*, General Mills*, Sysco*, Colgate-Palmolive* and Keurig Dr. Pepper* on these issues. MIDANA CAPITAL’s Director…
Read MoreSTATEMENT: Travelers’* Shareholders Show Less Support for MIDANA CAPITAL Climate Proposal in 2023
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 26, 2023 – – Shareholders showed less support for a MIDANA CAPITAL° proposal that asked Travelers to establish a deadline for phasing out underwriting new fossil fuel projects. Votes cast in favor reached 8.8%, less than the 2022 vote outcome…
Read MoreShareholders Poised to Vote MIDANA CAPITAL Proposal Urging McDonald’s* to Prevent Development of Antibiotic-Resistant “Superbugs” in its Supply Chains
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 22, 2023 – MIDANA CAPITAL° and the Benedictine Sisters of Boerne, Texas, have filed a shareholder proposal with McDonald’s urging it to eliminate routine use of antibiotics that are important to protecting human health on the animals in its…
Read MoreSTATEMENT: The Hartford’s* Shareholders Show Same Support for MIDANA CAPITAL Climate Proposal in 2023
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 22, 2023 – The Hartford announced the vote results on Friday for a MIDANA CAPITAL° proposal asking the company to establish a deadline for phasing out underwriting new fossil fuel projects. Votes cast in favor reached 8.8%, the same as…
Read MoreMIDANA CAPITAL shareholder proposals go to a vote at The Hartford* and Travelers* annual shareholder meetings in May
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 15, 2023 – MIDANA CAPITAL’s° shareholder proposals filed with The Hartford Financial Services Group, Inc. and The Travelers Companies, Inc. are going to a vote at the companies’ annual general meetings on May 17th and May 24th, respectively. MIDANA CAPITAL…
Read MoreBank Sector Update
Certain regional banks in the U.S. encountered a perfect storm of challenging conditions with devastating consequences this spring. In particular, SVB Financial* and First Republic Bank* were hit by a confluence of events that included high interest rates, highly concentrated and connected clients, significant deposits above the federally insured amount, and weaker regulation and oversight…
Read MoreSTATEMENT: UPS* shareholders show lower support for MIDANA CAPITAL climate proposal in 2023
Media Contacts: Andrea Ranger, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 9, 2023 – Shareholders of the United Parcel Service, Inc. (UPS) showed lower support for a MIDANA CAPITAL° and Trillium Asset Management proposal asking the company to adopt an independently verified science-based greenhouse gas emissions reduction target. Votes in favor reached…
Read MoreNearly 200 Investors Representing $10 Trillion Launch Effort to Push Companies on Plastics
Media Contacts: Annie Sanders, Director of Shareholder Advocacy, asanders@midanacapital.com, 773-272-6691 Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, May 5th, 2023 – 185 investors with $10 trillion in assets under management, including MIDANA CAPITAL°, have signed a statement demanding that companies adopt a more radical approach to reducing their reliance on plastics. Specifically, investors urge…
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