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SEC Move Would Make it Harder for Shareholders to Push Companies on Climate Action

Inside Climate News · By Dimuthu Attanayake · last updated
Shareholder proposals aren’t legally binding. But companies can feel pressure to take them seriously.

By Dimuthu Attanayake

The U.S. Securities and Exchange Commission wants to scrap a rule that allows shareholders to formally petition companies, one of the ways that shareholder advocacy groups have pressed for more action on climate and sustainability.