Pax World Funds also is continuing its efforts with 25 retail companies to convince them to stop exporting plastic waste and to disclose the final destination of the plastic bags collected and generated in their stores. That effort is done in cooperation with The Last Beach Cleanup, an advocacy organization.
The firm also is continuing its fight against changes in shareholder engagement rules being considered by the Securities and Exchange Commission. The changes proposed to the process of filing shareholder proposals “are likely to damage or curtail productive engagement between shareholders and companies,” the report said.
Included in the proposals are raising the value of shares needed to file and then refile any shareholder proposal, limiting the use of representatives in filing proposals, and creating new availability requirements for shareholder proposal proponents.
“Every one of these changes will likely exclude some shareholder proposals” from being filed, the report said.