In 2021, CBIS filed a groundbreaking resolution asking ExxonMobil to provide investors with crucial information that would allow investors to factor climate-related information into financial statements and audits. Despite nearly half (49%) of shareholders voting in favor of our proposal, Exxon has still not met our requests.
CBIS now encourages all investors to again vote in favor of our Shareholder Proposal, Item 8 – Report on Scenario Analysis, to be voted on at the ExxonMobil shareholder meeting on May 25, 2022. Read our full rationale in CBIS’ Proxy Exempt Solicitation.
“CBIS is not alone in our requests – global investors, the S.E.C., and even oil & gas companies are recognizing that risks from climate change need to be made visible to aid the investment decision-making process. We also have a higher calling – taking action to Save Our Common Home as directed in Laudato Si and the Socially Responsible Investment Guidelines of The United States Conference Of Catholic Bishops.”
John W. Geissinger, Chief Investment Officer, CBIS
CO-FILERS OF THE PROPOSAL Adrian Dominican Sisters; As You Sow Foundation; Congregation des Soeurs des Saints Noms de Jesus et de Marie; Congregation of Benedictine Sisters of Boerne, Texas; Benedictine Sisters of Mount St. Scholastica; Benedictine Sisters of Virginia; Bon Secours Mercy Health; CommonSpirit Health; Congregation of St. Joseph, OH; Daughters of Charity, Province of St Louise; Dominican Sisters of Hope; M&G Investments; Maryknoll Sisters; Mercy Investment Services; Monasterio Pan de Vida; Presbyterian Church USA; Providence St. Joseph Health; Province of St. Joseph of the Capuchin Order (Midwest Capuchins); School Sisters of Notre Dame, Atlantic Midwest Province; School Sisters of Notre Dame, Central Pacific Province; School Sisters of Notre Dame Cooperative Investment Fund; Sisters of the Holy Names of Jesus and Mary, US Ontario Province; Sisters of St. Dominic of Caldwell, NJ
The securities identified and described do not represent all of the securities purchased, sold or recommended for the CRI 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. It is not known whether the listed clients approve or disapprove of the adviser or its services.
