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!
Just last year, a SumOfUs shareholder resolution forced
Apple to publish its first-ever human rights policy. So now
they made a new rule -- anyone who wants to bring this kind of
resolution will need to hold thousands of shares...and they
set a deadline to buy them that's just a few days away.
They're trying to silence everyone but the richest
shareholders. But Vladimir, we can beat them at their own
game.
If 5000 people reading this email chip in the cost of a coffee,
SumOfUs can buy enough shares in Apple to have our say at
the AGM, ratcheting up the pressure on execs over the
company's use of Uyghur forced labour in the supply chain, and
more.
For the next 24 hours, everything you give will be
matched 2:1 by a generous donor, tripling your impact -- can you
join in to buy a slice of Apple?
If
you’ve saved your payment information with SumOfUs, your donation
will go through immediately:
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. And we're
starting with Apple. Can you help hold these corporate
giants to account? (Remember, your donation is TRIPLED by a generous
donor)
If
you’ve saved your payment information with SumOfUs, your donation
will go through immediately:
