ATProto Browser

{
  "text": "Interesting shareholder proposal at JPMorgan AGM. Cast by Paul Rissman seeks a report clarifying how JPMorgan Chase manages the social impacts-on workers and communities-of its financial activities supporting the transition to a low-carbon economy. NBIM (1.2% of shares, $8.2 billion!) says nay.",
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        "alt": "Require Independent Board Chair\nVote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest.\nGlobal Voting Guidelines\nDeling av rollene som styreleder og administrerende direktør\nAgainst\tFor\n5\tReport on Social Impacts of Climate Transition Finance\nVote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments.\nGlobal Voting Guidelines\nAksjonærforslag om bærekraft\nAgainst\tAgainst\n\nhttps://www.nbim.no/no/ansvarlig-forvaltning/stemmegiving/var-stemmegivning/meeting?m=1951338",
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        "alt": "https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/proxy-statement2025.pdf\nPROPOSAL 5:\nReport on social impacts of transition finance\nPaul Rissman has advised us that he intends to introduce the following resolution:\nRESOLVED: Shareholders request the Board of Directors of JPMorgan Chase (JPM) issue a report disclosing whether and how\nthe Company addresses the potential risks and opportunities related to the social impacts of JPM’s transition finance efforts.\nSUPPORTING STATEMENT: Transition finance1\n — financial support that helps decarbonize high-emitting activities or enables\nthe decarbonization of other economic activities, is an important aspect of JPM’s business. JPM’s Center for Carbon Transition\n“is a key business within J.P. Morgan's Corporate Advisory” and assists its Commercial and Investment Bank “on a wide variety\nof strategic sustainability-focused transactions.”2\n JPM states that it has a $1 trillion Green objective, of which $242 billion has\nalready been financed or facilitated.3\n Managing the human element of this massive climate transition appears as important as\ntechnical innovation or development of new physical infrastructure.\nStranded human capital and human rights abuses can generate public resistance to the transition; in contrast, investment in\nthe retraining of people, and demonstrating respect and partnership with communities can ease and accelerate the transition.\nWhether coal miners losing their jobs in Appalachia or land use and pollution conflict in communities targeted for lithium\nmining, climate transition faces backlash where the human element is ignored.4\n A study of the Environmental Justice Atlas\ndatabase found that one quarter of projects opposed by environmental defenders were stopped through protest, litigation and\nother forms of popular mobilization.5\nAccording to the World Economic Forum (WEF)6\n “[t]he green transition… could concentrate job creation in already tight labour\nmark…",
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  "createdAt": "2025-05-16T20:12:57.205Z"
}