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Arjuna - 4 Darren Woods - 2 Mark Pittman - 1 Exxon's - 1 Pittman - 1 Donald Trump - 1 that's - 1 CalPERS - 1
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Search resuls for: "Arjuna Capital"


9 mentions found


☆ Judge rules Exxon can sue activist shareholder over climate proposal
  + stars: | 2024-05-22 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +2 min
A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future effect on shareholder resolutions. Exxon sued the two investors in January after they submitted a proposal to be tabled at the May 29 annual shareholder meeting that called for the company to accelerate carbon dioxide emissions reductions. Arjuna and Follow This subsequently withdrew the proposal, but Exxon proceeded with its claims against the two firms, arguing that they could file similar proposals at future shareholder meetings. The judge, appointed to the federal bench by former President Donald Trump in 2019, said Exxon should not be faulted for distrusting the activist investors. He said Arjuna could slightly modify its withdrawn 2024 proposal for submission to future shareholder meetings.
Persons: Mark Pittman, Arjuna, Exxon's, Pittman, Donald Trump, that's Organizations: Exxon Mobil, U.S, District, Northern, Northern District of, Boston, Exxon, Securities, Exchange Commission, Oil, Defendant, CNBC Locations: Texas, Northern District, Northern District of Texas, Netherlands
☆ Exxon faces opposition from CalPERS after 'devastating' anti-ESG activist suit
  + stars: | 2024-05-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +3 min
Exxon Mobil 's monthslong battle with two environmentally focused activist investors has cost the company the support of the California Public Employees' Retirement System. The two activists submitted a shareholder proposal that would have forced the company to reduce direct emissions and set a target for lowering emissions at suppliers and customers. Exxon sued the investors in Texas federal court in January, prompting them to withdraw the proposal. Even with the activists backing off, Exxon has continued its lawsuit to prevent the activists from ever again submitting such a proposal. CalPERS said in its letter that Exxon's "reckless" lawsuit threatened shareholder activism efforts on any issue.
Persons: Darren Woods, Arjuna, CalPERS, Marcie Frost, Theresa Taylor, it's, Greg Goff, Kaisa Hietala, Andy Karsner, Jeff Ubben Organizations: APEC, Summit, Moscone West, Exxon Mobil, California Public Employees, Exxon, CNBC, ExxonMobil, Securities and Exchange Commission, Inclusive Capital Locations: San Francisco , California, Texas
☆ Arjuna Capital's racial and gender pay scorecard: Starbucks and Target get perfect scores
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArjuna Capital's racial and gender pay scorecard: Starbucks and Target get perfect scoresNatasha Lamb, Arjuna Capital CIO, joins 'Money Movers' to discuss how the company collects its data for its racial and gender pay scorecard, whether pay equality measures are a function of how many senior positions are held by diverse candidates, and more.
Persons: Arjuna, Natasha Lamb Organizations: Starbucks, Target, Arjuna Capital
☆ Exxon Sues to Prevent Climate Proposal From Getting a Shareholder Vote
  + stars: | 2024-01-22 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com   time to read: +1 min
Exxon Mobil is suing two activist investors to prevent their proposal calling for emissions cuts at the oil giant from going to a vote of shareholders. In a complaint filed in U.S. District Court for the Northern District of Texas on Sunday, Exxon accused the investors, Arjuna Capital and Follow This, of abusing the process for proposing shareholder votes to advance their priorities with votes “calculated to diminish the company’s existing business.”Arjuna filed a proposal in December for a nonbinding resolution that urged Exxon to accelerate its plans to reduce its carbon emissions and expand the scope of the emissions it measures to include its suppliers and customers. Follow This joined in support of the proposal shortly thereafter, according to the complaint. The proposal “does not seek to improve ExxonMobil’s economic performance or create shareholder value,” Exxon said in the complaint, but is instead “constraining and micromanaging” the company’s operations.
Persons: Arjuna, ” Arjuna, Exxon Organizations: Exxon Mobil, Northern, Northern District of, Exxon Locations: U.S, Northern District, Northern District of Texas
☆ U.S. oil giant Exxon Mobil sues activist investors to prevent climate proposals
  + stars: | 2024-01-22 | by ( Sam Meredith | ) www.cnbc.com   time to read: +1 min
ExxonMobil CEO Darren Woods speaks at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. Exxon Mobil filed a lawsuit against U.S. and Dutch activist investors in a bid to stop them from submitting climate proposals during the oil giant's annual shareholder meeting. An Exxon Mobil win in the proceedings could have a chilling impact on future shareholder petitions. The Securities and Exchange Commission, the U.S. financial regulator, has overseen a growing number of environmental and social shareholder proposals during the past two proxy seasons. In an emailed statement, Exxon Mobil said "the breakdown of the shareholder proposal process, one that allows proponents to advance their agendas through a flood of proposals, does not serve the interests of investors."
Persons: Darren Woods Organizations: Economic Cooperation, APEC, Exxon Mobil, U.S, Northern, Northern District of, Arjuna, Securities, Exchange Commission Locations: Asia, San Francisco , California, U.S, Northern District, Northern District of Texas, Massachusetts, Amsterdam
☆ Nike investors reject pay equity, human rights proposals
  + stars: | 2023-09-12 | by ( Katherine Masters | ) www.reuters.com   time to read: +1 min
[1/2] The Nike swoosh logo is pictured on a store in New York City, New York, U.S., September 4, 2018. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Nike investors voted against two shareholder-led proposals during the sportswear giant’s annual meeting on Tuesday, according to a preliminary tally by the company. One of the resolutions, filed by Massachusetts-based investment adviser Arjuna Capital, called on Nike to provide more data on pay equity for female and minority employees. The company will disclose the final vote tally in a future U.S. Securities and Exchange Commission filing. Arjuna’s resolution on pay equity reporting failed for the second time since 2021 despite backing from proxy advisory firm Institutional Shareholder Services, which in August recommended that investors vote for the proposal.
Persons: Carlo Allegri, Arjuna Capital, John Donahoe, Katherine Masters, Josie Kao Organizations: Nike, REUTERS, U.S . Securities, Exchange Commission, Services, Reuters, Thomson Locations: New York City , New York, U.S, Massachusetts, Cambodia, Thailand
☆ Want to invest in companies that empower women? Here's what you need to know
  + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com   time to read: +8 min
Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.
☆ Microsoft will update harassment policy after report shows pitfalls in handling of complaints
  + stars: | 2022-11-15 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Microsoft on Tuesday said it would update sexual harassment and gender discrimination policies after a third-party report showed shortcomings in how the company deals with complaints. The report comes a year after Microsoft shareholders approved a proposal requesting that the board publish a review of workplace sexual harassment policies. Microsoft published a 50-page transparency report from ArentFox on Tuesday. "On July 7, 2019, Person A, a Microsoft employee, reported to Kathleen Hogan that Bill Gates had subjected her to inappropriate communications and conduct," the transparency report said. "In doing so, Person A made references to sexual harassment and the me too movement."
☆ Watch CNBC's full interview with Arjuna Capital Managing Partner Natasha Lamb
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Arjuna Capital Managing Partner Natasha LambArjuna Capital Managing Partner Natasha Lamb joins 'TechCheck' to discuss upcoming tech earnings, stocks with declining P/E multiples and selective positioning strategies for the sector.
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