The Shareholder Action Task Force seeks to harness the power of
Sierra Club's stock ownership to promote reform in corporate behavior
and practices, a benefit for the environment as well as corporate
shareholders. We aim to use shareholder dialogues, the filing of
shareholder resolutions, and shareholder solicitation and media
campaigns to raise awareness, build coalitions, and effectively
create change.
Shareholder activism is uniquely suited for this direct approach to
corporations as it provides a formal communication channel between
shareholders and top corporate officials. Shareholder activism
educates and organizes financial institutions and shareholders and
focuses management attention on important environmental and social
issues.
Ultimately, success is measured by a change in corporate
behavior. The Sierra Club is bound by Federal Securities Law to
promote only those reforms that benefit shareholders generally.
The Sierra Club believes that reforming corporate environmental
practices will enhance the long term prospects of a company, and
therefore are in accord with general shareholder interests.
