shareholder proposal · 2023
Green Century Capital Management at Bloomin' Brands (2021) and Home Depot (2022)
Report on how the company could increase the scale, pace and rigour of its efforts on deforestation in its supply chain. At Bloomin' Brands the ask was a report on reducing the company's total contribution to climate change, including supply chain emissions from commodities such as palm oil, soy, beef and pulp and paper; at Home Depot it was a report assessing how the company could eliminate deforestation and the degradation of primary forests from its supply chains.
What happened
Result: Approved at both companies, in different seasons. At Bloomin' Brands' annual meeting on May 18, 2021 the proposal drew 53,129,743 votes for, 16,632,424 against, 477,388 abstaining and 7,191,198 broker non-votes, which is 76.16 percent counting only votes for and against. At Home Depot's annual meeting on May 19, 2022 it drew 469,758,767 for, 256,769,584 against, 7,748,621 abstaining and 143,770,510 broker non-votes, which is 64.66 percent.
Majority Votes on Deforestation Put Pressure on Industry Laggards, Proxy Preview, 2023-03
Who is involved
- Green Century Capital Management filer
- Bloomin' Brands company
- Home Depot (The) company
What this campaign is about
- Land System Change Pivotal · Doughnut Economics