National Beverage Corp | Shareholder Proposal For National Beverage Corp. Requesting ESG Reporting

Status
16.19% votes in favour
AGM date
Previous AGM date
Resolution details
Lead filer
Mercy Investment Services, Inc.
Resolution ask
Report on or disclose
ESG theme
  • Environment
  • Social
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company HQ country
United States
Whereas clause
Environmental, Social and Governance (ESG) reporting enables corporations to mitigate risks, capitalize on opportunities, and sustain operational viability in a rapidly evolving global market. ESG metrics provide vital information on governance practices, environmental impacts such as water use and emissions and social factors including worker safety.



National Beverage Corp. lacks a formal comprehensive ESG report, making it difficult for shareholders to assess the company’s resilience against ESG-related risks, which are becoming increasingly significant in the beverage industry due to regulatory changes, resource scarcity, and consumer preferences.



Implementing robust ESG reporting can enhance National Beverage’s market reputation, attract sustainability-minded investors, and foster loyalty among increasingly environmentally and socially conscious consumers. According to KPMG’s 2022 CEO Outlook, 70% of U.S. CEOs believe that ESG programs enhance financial performance. Companies with transparent ESG practices tend to enjoy improved operational efficiencies, lower compliance costs, and better risk management.



Without ESG disclosure, National Beverage risks falling behind industry standard, as demonstrated by peers such as PepsiCo, Keurig Dr. Pepper and The Coca-Cola Company, who regularly publish ESG reports. Lack of transparency may lead to diminished investor confidence and potential divestment for ESG-focused funds.

Supporting statement
https://www.sec.gov/Archives/edgar/data/69891/000143774924027677/fizz20240820_def14a.htm

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