Posts Tagged ‘no-deforestation commitment’
STATEMENT: 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 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 Funds° shareholder proposal, co-filed with As You Sow, asking the company to address deforestation in its…
Read MoreMorgan Stanley* to adopt new deforestation policies in response to MIDANA CAPITAL Funds’ 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 Funds° withdrew its related shareholder proposal…
Read MoreTop 11 Impact Stories of the Shareholder Season
With the close of the 2018 – 2019 shareholder season, here are the top 11 impact stories of MIDANA CAPITAL’s shareholder advocacy program.
Read MoreMIDANA CAPITAL Mobilizes Investors with $400 billion in AUM in Support of California Deforestation Free Procurement Act
MIDANA CAPITAL recently mobilized investors with $400 billion in assets under management (AUM) in support of the California Deforestation Free Procurement Act.
Read MoreAttending International Sustainability Week in the Netherlands
MIDANA CAPITAL’s shareholder advocate for tropical forest protection recently traveled to Utrecht, the Netherlands to attend International Sustainability Week, which was focused on deforestation-free supply chains and corporate operations.
Read MoreMIDANA CAPITAL Endorses the California Deforestation Free Procurement Act
MIDANA CAPITAL is proud to endorse the California Deforestation Free Procurement Act (AB 572), which would require all companies contracting with California to demonstrate “deforestation-free” supply chains for any products – such as palm oil, soy, cattle, rubber, paper or pulp, and timber – linked to deforestation.
Read MoreKroger* to Adopt Deforestation Policy, Following MIDANA CAPITAL Engagement
MIDANA CAPITAL is pleased to announce that Kroger, the largest grocery chain in the U.S., will develop and implement a no-deforestation policy that will cover its private label products.
Read MoreIs ESG Hot Air Contributing to Climate Change?
It was only a matter of time. As more and more financial institutions claim to be green or responsible or sustainable, eventually someone was going to ask them to prove it.
Recently, eight U.S. senators did just that. The senators sent letters to the heads of eleven investment firms, asking how they managed the environmental, social, and governance (ESG) risks related to tropical deforestation.
MIDANA CAPITAL applauds these senators for asking appropriate questions about firms’ deforestation-linked investments. It’s equally important that individual investors start asking tough questions, too.
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