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Questions about companies’ plans to address climate change dominate general meetings, shareholder proposals fail to receive majority support At their annual general meetings (AGMs) this year, U.S insurance companies Chubb, The Hartford, and Travelers and their largest shareholders failed this proxy season’s climate test. Concerned investors filed resolutions to address the climate and human rights-related …

Hartford, CT – Traveling over 4,300 miles from Alaska to Connecticut, the Gwich’in Steering Committee delivered a statement today at the Annual General Meeting (AGM) of Travelers, a major U.S. company with a history of underwriting oil and gas projects. Trillium Asset Management, shareholders of Travelers, invited GSC to speak on behalf of their proposal …

Hartford, CT – Advocates calling for climate action from The Hartford said the insurer and its largest shareholders failed the climate test in light of results of a vote on a climate shareholder resolution at the company’s annual general meeting (AGM) last Wednesday. Shareholders were asked to vote on a resolution filed by Green Century …

Shareholders reject resolutions on climate change and human rights Zurich, Switzerland (May 17, 2023) – Unlike last year, in which 72% of shares cast supported a resolution from As You Sow, shareholders of Chubb Limited (NYSE: CB) did not pass the same measure on if and how it plans to measure, disclose, and reduce its emissions associated …

This past week, Chubb, The Hartford, and Travelers released proxy statements urging shareholders to vote against the climate and human rights resolutions on the ballot at their annual general meetings in May. These insurers are facing a growing challenge from investor advocates to curb fossil fuel underwriting, reduce emissions, and respect Indigenous rights, and, in …

But Chubb proxy will include resolutions on emissions reductions and human rights reporting March 29, 2023 (Washington, D.C.) – Yesterday afternoon, the U.S. Securities and Exchange Commission (SEC) shared that it had rejected a shareholder resolution filed at Chubb calling on the insurer to adopt a time-bound phase out of underwriting new coal, oil, and …

Climate Votes has published an investors’ brief highlighting the insurance sector’s high exposure to climate-related risks and identifying actionable opportunities that investors can take this AGM season to encourage mitigating these risks. Shareholders are increasingly concerned about the climate and human rights risks facing property and casualty insurance companies that underwrite energy projects and companies. …

Following an unprecedented investor challenge for climate action at the largest U.S. fossil fuel insurers last year, Chubb is again facing two resolutions from shareholders addressing the insurance giant’s fossil fuel business and overall carbon footprint. And like last year, Chubb has issued no-action requests with the SEC in an attempt to silence shareholders’ climate …

Today, Green Century Capital Management announced that it filed shareholder resolutions with Chubb, The Hartford, and Travelers, calling on the companies to phase out underwriting of new fossil fuel projects. Members of the Insure Our Future coalition responded: *** Insure Our Future U.S. is a campaign of environmental, consumer protection, and grassroots organizations holding the …

This spring, investors mounted an unprecedented challenge for climate action at the largest U.S. fossil fuel insurers, proposing a number of independent resolutions and spotlighting key director votes at AIG, Berkshire Hathaway, Chubb, The Hartford, and Travelers. Key Takeaways U.S. insurers faced unprecedented challenges from investors who are increasingly concerned about the risk that climate …