ShareAction is an organization that is tired of letting CEOs and companies harm the world and are doing something about it. The organization campaigns on behalf of shareholders to represent environmental, health, labour, and other concerns. They leverage their combined representation of shareholders to ensure that the companies return a profit while not destroying the world.
One of their recent campaigns is focussed on getting oil-based companies to figure out what to do in a world that relies more on renewable energy. Next year will be a big year for the UK based ShareAction.
For the first time in 2017, shareholders will get a binding vote on corporate pay policies in the UK.
Share Action is urging them to use it at BP and Shell to stop bonus structures that reward high carbon strategies.
Catherine Howarth, chief executive at Share Action, said: “Responsible investors who are serious about climate risk have a crucial opportunity to ‘walk the talk’ at BP and Shell next year, by pushing for remuneration policies designed make these major companies commercially resilient in a low carbon world – and voting down policies which fail that test.”