Blogs & Ecology

2008 was a good year for enviros in the boardroom. A record 57 climate related shareholder resolutions were filed this year—a figure that has doubled over the past 5 years. Support for these measures averaged more than 23% among shareholders-- another all time high. These figures come from Ceres, a leading coalition of investors and environmental groups. “Growing investor pressure is prompting more companies to see the value of making environmentally sound products,” said Mindy S. Lubber, president of Ceres.

Last week, 3P reported that a “shareholder revolt” was fomenting against the leadership of ExxonMobil, and yesterday marked the showdown between the two groups at the annual meeting in Dallas. Characterized as “bruised, but victorious” by the Guardian.co.uk, Exxon’s chairman and CEO, Rex Tillerson, emerged from the meeting with his leadership intact as the revolt failed to capture full support from shareholders.