This is another great sign that organizations who want to create sustainable change are effectively applying leverage on corporation where it hits them hardest legally.
There are numerous organizations that are doing Shareholder Resolution, and Proxy Voting work, because corporations have a legal obligations to report to their shareholders. So if you can get enough legal voting power to put leverage on the board, you can require them to have to answer specific questions about your investments, especially around risks, and often they are required to show changes/mitigations.
http://www.wbcsd.org/plugins/DocSearch/details.asp?type=DocDet&ObjectId=MzcxNzQ
SocialFunds.com, 18 January 2009 - Coalition of investors successfully files a resolution addressing the financial, environmental, and reputational risks of Shell's oil extraction from Canadian tar sands. .
A coalition of 142 institutional and individual investors have filed a shareowner resolution with Royal Dutch Shell, requesting that the company report to its shareowners on the investment risks associated with its tar sands projects in Canada. The resolution, which will be voted on at Shell's Annual General Meeting on May 10, is led by FairPensions, a UK-based organization that promotes sustainable investment in the pensions and investment industry.
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