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The Sierra Club’s Corporate
Accountability work has taken off in the past several years. Other accomplishments
of note include Boise Cascade’s commitment in 2003 to adopt a comprehensive
environmental statement and extend an environmental policy to its suppliers;
Staples Office Supplies’ agreement in 2002 to start phasing out purchases
of paper products from Canadian boreal forests and U.S. national forests; and
Home Depot’s 1999 agreement to stop selling wood products made from old
growth trees and/or ancient forests. A major component of the Home Depot effort
was the filing of a shareholder resolution by As You Sow Foundation.
The Sierra Club’s Shareholder Action Task Force has purchased stock
in a number of corporations in order to file shareholder resolutions. For the
2004 Proxy Season, the Club has submitted eight resolutions:
General Electric Co., ExxonMobil Corporation,
ChevronTexaco Corporation
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Requests campaign finance disclosure reports (and their involvement in
the Cheney Energy Task Force). |
| BPAmoco P.L.C. |
Requests disclosure of company plan to protect shareholder value from
risks associated with operating in protected areas, such as national parks. |
Weyerhaeuser Company, Louisiana Pacific Corporation
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Encourages sustainable forestry and requests report on greenhouse gas
emissions. |
Tyson Foods, Inc., Seaboard Corporation
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Suggests that environmental stewardship is more likely to occur if CEO
and chair of the board positions were separated. |
A resolution is anticipated at Smithfield Foods, Inc., but has not yet been
filed. The task force hopes to work with Sierra Club volunteers and staff working
on concentrated animal feeding operations to develop a strong resolution.
The shareholder task force is looking for additional opportunities to use shareholder
actions to support Club campaigns. For more information, contact co-chairs
David E. Ortman at deo@foxinternet.com or Jim Dougherty at jimdougherty@aol.com.
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