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Climate-related shareholder resolutions filed by activists against Chubb Ltd. and Berkshire Hathaway Inc. gained growing support at the insurers’ recent annual general meetings, despite failing to pass.
Some 28.9% of shareholders voted in favor of a resolution seeking to push Chubb to disclose greenhouse gas emissions targets for its underwriting, insuring and investment activities, according to an 8K filing with the U.S. Securities and Exchange Commission on Wednesday.
Some 22.7% of shareholders voted in favor of a similar resolution to get Berkshire Hathaway to report on if and how it intends to measure, disclose and reduce greenhouse gas emissions related to its underwriting, insuring and investment activities, according to an 8K filing with the SEC from May 10.
“Insurance companies must take responsibility for their contributions to climate change,” Danielle Fugere, president of shareholder advocacy group As You Sow, which submitted the resolutions, said in a statement.