The Tri-State Coalition for Responsible Investment and the Interfaith Center on Corporate Responsibility (ICCR) have organized a process for asset owners and fund managers to declare their intention to vote in support of the shareholder proposals to set greenhouse gas (GHG) emission reduction goals ahead of the Exxon Mobil and Chevron Annual General Meetings, both on May 27th.  The goal is to amplify the voice of long-term investors in the run-up to the shareholder meeting.

The declarations will be gathered until May 26th and will be made public in stages.  Visit www.investorclimatedeclarations.org for more information and to publicly declare support for either or both of these resolutions.

At the time of the launch on May 6, the Connecticut Retirement Plans and Trust Funds, Vermont Pension Investment Committee, and investors with over $68 Billion in Assets Under Management have declared their support for at least one of these two shareholder proposals:

• Item 10 on the Exxon Mobil Proxy (Exempt Solicitation here)
• Proposal 8 on the Chevron Proxy (Exempt Solicitation here)

As long-term asset owners and fund managers that are also supporters of corporate planning for climate change, we believe the companies would be well-served by establishing GHG emission reduction goals for their products and operations. These goals will drive innovation in the companies’ business models and allow Exxon Mobil and Chevron to be competitively positioned to succeed and thrive in a carbon-constrained economy.