We've been so successful using shareholder action to get
companies to change their bad behaviour...that they're
trying to shut the whole program down!
After a SumOfUs shareholder resolution forced Apple to
publish its first-ever human rights policy, the US stock
regulator made a new rule -- anyone who wants to bring this kind of
resolution will need to hold thousands of shares...and companies are
setting VERY early deadlines to buy them!
They're trying to silence everyone but the richest
shareholders. But we can beat them at their own
game.
We already bought shares in Apple, Google, Facebook, and Bayer
Monsanto. Now if 5000 people reading this email chip in the cost of
a coffee, SumOfUs can buy enough shares in Nestlé to have
our say at its AGM, ratcheting up the pressure over their
stealing water from communities worldwide…and helping choke the
ocean with disposable plastic.
For the next 24 hours, we will use everything you give to
generate matching donations from big funders, doubling your impact
-- can you join in to buy a piece of Nestlé?
If
you’ve saved your payment information with SumOfUs, your donation
will go through immediately.
Donate
$3 nowDonate
another amount
Shareholder advocacy used to be
straightforward -- a SumOfUs member with stocks would just sign a
letter, get a letter from their broker, and our community could file
a co-resolution to be debated at Annual General Meetings.
And we had incredible success,
not only with Apple's human rights policy. A strong
shareholder proposal pushed TD Bank, one of the world's biggest
funders of fossil fuels, to commit to net-zero by 2050. Pepsi
committed to sustainably-sourced palm oil. And more!
But now the US stock authority
is rigging the rules to favour big-dollar shareholders,
adding time-consuming and arduous rules: increasing the minimum
number of shares, increasing how long you have to hold the shares,
and requiring that co-filers like SumOfUs provide a list of times
they can meet with the corporation to discuss their resolution.
It's a lot to ask. But the good
news is it means our strategy is working. And there's a
simple solution: bring our community together to buy stocks in some
of the biggest corporations to keep achieving real-world change. We
started with Apple, and bought Google and Facebook stock too.
Now it's time for Nestlé to see what we can do. Can
you help finally hold this corporate giant to account for its planet
destroying practices? (Remember, your donation will be used to get
matching donations!)
If
you’ve saved your payment information with SumOfUs, your donation
will go through immediately.
Donate
$3 nowDonate
another amount