Environmentalism sprouts up on corporate boards
Amid rising investor worries over global warming and shrinking natural resources, directors are keeping a closer watch on environmental issues, the Wall Street Journal reports.
About 25% of Fortune 500 companies now have a board committee overseeing the environment, compared with fewer than 10% five years ago, estimates Mindy Lubber, president of Ceres, a national coalition of activists, investors and others concerned with the environment.
Shareholders are more active on environmental issues, too. The number of investor proposals related to the environment nearly doubled between 2004 and 2008, RiskMetrics Group Inc. says. Many proposals urge increased board attention to the issue. Read more
Source: Wall Street Journal
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