NCR Notes ExxonMobil Climate Resolution Success
The National Catholic Reporter made note of the successful passing of the CBIS’ co-sponsored climate disclosure resolution at ExxonMobil on May 31, 2017. The article referenced an Interfaith Center on Corporate Responsibility (ICCR) statement that “A vote on a shareholder resolution above 50 percent is generally viewed as a mandate for a company and its board to act upon it.”
The article also highlights CBIS’ own Tracey Rembert regarding the real meaning behind the resolution:
Tracey Rembert, Assistant Director of Catholic Responsible Investing for Christian Brothers Investment Services (CBIS), said in a statement that while Exxon continues to bank “on an energy future that looks a lot like the past,” i.e., highly reliant on oil and gas, “we want Exxon to be prepared and wide-eyed if a different market unfolds, and this proposal, we believe, jumpstarts that process.”
To read the full article, please click here.