Shareholder advocacy group goes after 'environmental racism'

Reuters ^ | August 11, 2021 | by Jessica Dinapoli

[Oldeconomybuyer]

Aug 11 (Reuters) - A shareholder advocacy group that has successfully pushed for changes at U.S. conglomerates such as General Electric Co (GE.N) and American Express Co (AXP.N) said on Wednesday it would rate companies based on their involvement in "environmental racism," and pressure them for change.

The nonprofit, As You Sow, collected and analyzed data from S&P 500 companies showing what it says is the environmental impact of operations on communities of color. It said it scrutinized their products, environmental violations and fines and corporate actions.

The group will initiate conversations with companies that are the worst culprits on the list and file shareholder proposals at their annual meetings next year, Olivia Knight, the group's racial justice initiative manager, said in an interview.

"Climate change disproportionately affects people of color and nations around the world where people of color live," Knight said.

As You Sow won 98% support from General Electric shareholders this year on a proposal calling for the company to issue a report on how it would reach net-zero greenhouse gas emissions by 2050.

A majority of American Express shareholders also backed As You Sow on its proposal to publish an annual report assessing the company's diversity and inclusion efforts.

[BenLurkin]

Insanity.

[Luke21]

They combine their terms and create more madness.

[PGR88]

You promote your ideology and fund yourself, your salaries, your ideology, and your law-school debt by abusing the courts to sue your way to profits.

Its a confirmed leftist scheme, often used to change by judicial or bureaucratic fiat, Fed.gov policy when elected officials will not pass laws you like.

[Tell It Right]

My take on environmental racism:

If snow and ice are evil because they're white, doesn't that make global warming a good thing? LOL

[LIConFem]

So now we have "human infrastructure" and "environmemtal racism" and more to deal with, when we can't even pass a budget with no red ink in it.

DC needs to be razed to the ground, so we can build a real functioning, comstitutional governmemt on top of the ruins.

[eyeamok]

CDC admits it committed FRAUD by Falsifying Official Government Records

[Bayan]

This is blatant, organized extortion. Nothing more.

[FormerFRLurker]

Now environmentalism is somehow racist??? Though I will admit you see far more white people hiking and camping than any other race.