Climate-related shareholder resolutions filed by activists against Chubb Ltd. and Berkshire Hathaway Inc. received growing support at the insurers’ most recent annual meeting, despite falling short of approval.
About 28.9% of shareholders voted in favor of a resolution aimed at pressuring Chubb to disclose greenhouse gas emissions targets for its insurance, underwriting and investment operations, according to an 8K filing with the US Securities and Exchange Commission on Wednesday.
About 22.7% of shareholders voted in favor of a similar resolution to require Berkshire Hathaway to report on and how it intends to measure, disclose and reduce greenhouse gas emissions related to its insurance, underwriting and investment operations, according to an 8K filing with SEC from 1
0 May.“Insurance companies must take responsibility for their contributions to climate change,” Danielle Fugere, president of the shareholder group As You Sow, which filed the resolutions, said in a statement.
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