CBIS Thanks Our Investors on Earth Day for Our Shared Vision to Transform the World
Throughout the year, CBIS celebrates our common home and engages companies in our investment portfolio to push for much-needed protections. Our investors make these active ownership initiatives possible, providing CBIS with the leverage to promote care for creation on a global scale.
On Earth Day, we are proud to share our latest progress in our ongoing work to change corporate behavior on environmental issues—and, in turn—the world:
- Building support for our shareholder resolution at ExxonMobil – Since the U.S. Securities & Exchange Commission upheld our groundbreaking climate-related proposal last month, CBIS has continued to rally investor support ahead of the May 26 vote.
- New for Earth Day: Our proxy exempt solicitation, filed today at the SEC, is now live! It outlines for all shareholders why support for our shareholder resolution is warranted and has never been more important.
- Progressively divesting from companies being left behind by the energy transition – Aligning with Vatican guidance in Journeying Towards Care for Our Common Home, CBIS has initiated divestment from select companies heavily involved in coal and oil sands.
- Spurring fast food giants to speed up climate action – Our latest win on this front came with Domino’s Pizza, which committed to setting science-based targets for all direct and indirect greenhouse gas emissions.
- Leading the charge to protect biodiversity – CBIS was recently appointed by CERES, a prominent investor coalition focused on climate change, to co-lead a new working group to engage companies on saving threatened species.
- Seeking safeguards for unique ecosystems – CBIS called upon the U.S. Environmental Protection Agency to restrict mine waste disposal within Alaska’s Bristol Bay watershed, which supports the world’s largest and most productive wild salmon fishery.
- Urging responsible pest management among major food and beverage suppliers – As part of an institutional investor alliance, CBIS asked 10 companies to reduce the use of pollinator-toxic pesticides, and adopt least-toxic approaches to pest management.
- Engaging with portfolio companies – Ford announced it has significantly accelerated its plan for electric vehicles, with a $22 billion investment.
Thank you to our investors for supporting CBIS in these efforts, and all the continued work on critical issues of Human Dignity, Economic Justice and Care for Creation.
The securities identified and described do not represent all of the securities purchased, sold or recommended for CUIT Funds, CBIS Global Funds and separate managed accounts. The reader should not assume that an investment in the securities identified was or will be profitable. A complete list of all recommendations are available upon request.