BERKSHIRE HATHAWAY INC. | Director votes - climate oversight at BERKSHIRE HATHAWAY INC.

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
BRK/A US
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Fossil fuel financing
Type of vote
Director vote
Filer type
Management
Company sector
Financials
Company HQ country
United States
Supporting materials
  • Majority Action_Berkshire hathaway director votes_exempt solicitation.pdf Download
Whereas clause
The following directors have been nominated for election at the 2023 Annual meeting:
- Warren E. Buffett (96.3% FOR)
- Charles T. Munger (95.54% FOR)
- Gregory E. Abel (95.89% FOR)
- Howard G. Buffett (95.68% FOR)
- Susan A. Buffett (95.7% FOR)
- Stephen B. Burke (89.03% FOR)
- Kenneth I. Chenault (89.73% FOR)
- Christopher C., Davis (96.25% FOR)
- Susan L. Decker (86.19% FOR)
- Charlotte Guyman (86.3% FOR)
- Ajit Jain (95.87% FOR)
- Thomas S. Murphy, Jr. (97.29% FOR)
- Ronald L. Olson (95.66% FOR)
- Wallace R., Weitz (96.84% FOR)
- Meryl B. Witmer (96.57% FOR)
Supporting statement
CalPERS will WITHHOLD vote from the long-standing members of the Audit Committee (Christopher Davis, Susan Decker and Meryl Witmer) for failing to provide accurate and timely disclosure of environmental risks and opportunities, such as those associated with climate change. Furthermore, in our view these board members have not been responsive to our multiple engagement requests. https://www.sec.gov/Archives/edgar/data/1067983/000114036123016992/brhc10051155_px14a6g.htm

Majority Action is recommending investors vote against directors responsible for climate oversight, including board leadership, for failure to set adequate net zero targets reducing greenhouse gas emissions, fully realign investment plans to limit warming to 1.5°C, and/or ensure alignment of policy influence activities with 1.5°C pathways.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
Anima Sgr Not voting Given the concerns raised regarding the company's management and oversight of climate-related risks, Anima SGR intents to vote WITHHOLD for all nominees. Furthermore, the company is not aligned with investor expectations on Net Zero by 2050 targets and commitments. Significant risks to shareholders stemming from moderate to severe ESG controversies have been identified at the company. In addition, the company does not have any public reports or information on its website about its sustainability strategy or communications regarding its environmental and social performance.

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