Shareholders push Travelers insurance company to better address climate change
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Corporate shareholders are voting for greener practices in the investments they own. Recently, 55.8 percent of shareholders with The Travelers Companies voted in support of a resolution calling on the insurance giant to measure, disclose and reduce the greenhouse gas emissions associated with its business.
According to the resolution, the company is not doing enough to address climate change, while also paying out settlements associated with it. In the first quarter of 2021, it reported losses of $835 million, due mostly to severe weather.
Danielle Fugere, president of As You Sow, a shareholder advocacy nonprofit joined Climate Cast this week to talk about how shareholders — and everyday investors — can push companies toward more sustainable practices.
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