Impact Shares at Norfolk Southern and Union Pacific

What happened

Result: Announced on 5 December 2022, filed at both railroads for the 2023 annual meetings: Impact Shares at Norfolk Southern and Trillium Asset Management at Union Pacific. It reached a vote at one of the two. Union Pacific, 18 May 2023, Proposal 7: rejected, 53,102,043 for, 400,261,287 against, 7,238,541 abstaining and 67,585,896 broker non-votes, or 11.7 percent of the votes cast for and against. No paid sick leave proposal appears in the certified results of Norfolk Southern's meeting on 11 May 2023, whose only shareholder proposal concerned the rights of street name and non-street name shareholders.

Norfolk Southern agreed in February 2023, three months before its annual meeting, to give about 3,000 unionised track maintenance workers four paid sick days a year and to drop the 48-hour notice its contracts required before a personal day; CBS News credits union pressure after the East Palestine derailment rather than the shareholder proposal, and Norfolk Southern was the third major rail company to grant sick days after the crash. The proposal then did not reach a vote there. At Union Pacific it was voted down and we found no comparable policy change.

Investors Call for Paid Sick Leave Policy at Norfolk Southern and Union Pacific Railways, Interfaith Center on Corporate Responsibility

What this campaign is about

• Right to rest and leisure, limitation of working hours, and periodic holidays with pay Necessary · Universal Declaration of Human Rights