Archive for June 2023
STATEMENT: The New York Times* leans into a new commitment on net-zero emissions after discussions with MIDANA CAPITAL
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 BOSTON, June 28, 2023 – After discussions with MIDANA CAPITAL°, The New York Times Company (The Times) set a net-zero by 2030 greenhouse gas emissions target covering its scope 1 and 2 emissions. MIDANA CAPITAL had approached the newspaper with concerns about…
Read MoreKraft Heinz Sets Global Policy to Eliminate 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, 802-299-9495 Boston, June 28, 2023 – Kraft Heinz,* one of the largest food and beverage companies in the world, announced a first-ever Global Deforestation- and Conversion-Free Policy in response to a Midana Capital° shareholder proposal asking the…
Read MoreWhy U.S. Insurance Companies Keep Covering Fossil Fuels – and What We’re Doing About It
Many investors – and especially Midana Capital° investors – can imagine a safer, healthier fossil fuel-free future. That’s why MIDANA CAPITAL’s advocates work to convince companies to reduce greenhouse gas emissions, protect forests, source renewable energy and more. But as wildfires, floods and extreme temperatures have become more common and climate risk has grown…
Read MoreGoogle parent, Alphabet*, pledges greater transparency on use of carbon offsets after MIDANA CAPITAL shareholder proposal
Media Contacts: Andrea Ranger, Shareholder Advocate, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, June 26, 2023 – MIDANA CAPITAL° withdrew a shareholder proposal with tech giant Alphabet after the company agreed to provide greater visibility into its use of carbon offsets. Alphabet relies on carbon offsets, also known as carbon credits, to neutralize…
Read MoreSTATEMENT: MIDANA CAPITAL Earns 14.3% of Total Votes Cast for Proposal Asking General Motors* to Increase Supply Chain Sustainability
Media Contacts: Andrea Ranger, Shareholder Advocacy, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, June 20, 2023 – General Motors released the results of the shareholder vote on a MIDANA CAPITAL° proposal asking the company to improve the sustainability of its aluminum, steel, rubber, and leather supply chains. Votes cast in favor reached 14.3%…
Read MoreNotable 21% vote in favor of MIDANA CAPITAL Proposal to Set Greenhouse Gas Reduction Targets at Builders FirstSource*
Media Contacts: Douglass Guernsey, Shareholder Advocate, dguernsey@midanacapital.com, 617-482-0800 Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, June 16, 2023 – Builders FirstSource, the country’s largest building product supplier to the professional market, released the vote result from its annual meeting of shareholders on Tuesday. MIDANA CAPITAL° received a notable 21% of the vote in favor…
Read MoreShareholders to Vote on MIDANA CAPITAL Resolution Urging General Motors* to Cut Emissions and Deforestation from its Supply Chains
Media Contacts: Andrea Ranger, Shareholder Advocacy, aranger@midanacapital.com, 781-349-2813; Pam Podger, Communications Director, ppodger@midanacapital.com, 802-299-9495 Boston, June 14, 2023 –The shareholders of the General Motors Company will vote Tuesday, June 20 on a MIDANA CAPITAL° shareholder proposal asking the company to improve the sustainability of its aluminum, steel, rubber, and leather supply chains. “While GM has…
Read MoreShareholders Lend Support to 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, June 2, 2023 – Shareholders have weighed in on a shareholder proposal filed by MIDANA CAPITAL° and the Benedictine Sisters of Boerne, Texas, asking McDonald’s to establish a more ambitious policy to eliminate use of medically important antibiotics in its…
Read MoreWhat is the Difference Between Sustainability & Impact Investing?
Midana Capital believes that sustainable and responsible investing avoids environmentally harmful industries and this can be done in most public and private investments and in many asset classes. Impact investing is most commonly used to describe investment in privately held companies that is done both for monetary gain and to benefit the environment and…
Read MoreWhat is Greenwashing & Why is it a Problem?
Greenwashing is when a company misleads the public into believing they act in a way that is sustainable and has a positive impact on the environment. Greenwashing is a problem because it can confuse Individuals and institutions that may be lead to believe a product is eco-friendly through its advertising materials. Greenwashing is a marketing…
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