Update: Emerson Electric Issues Sustainability Report
December 15, 2016
Emerson Electric has published a corporate sustainability report, providing investors with insight into the company’s approach to the environment, corporate governance, supply chain management and other sustainability issues.
We believe corporate sustainability reports provide investors clarity about environmental, social and governance (ESG)-related risks and opportunities. Last proxy season, Wespath and Mercy Investment Services co-filed a resolution asking Emerson to release a detailed sustainability report. The resolution received strong support from Emerson’s shareholders, with a 47% vote in favor at the company’s annual general meeting (AGM) in February 2016. The voting results reflect the increasing importance investors are placing on sustainability. Although Wespath once again filed a similar resolution for the 2017 AGM, we withdrew it after the company issued its report.
Read more about our engagement efforts with Emerson here.