NOVEMBER 9, 2015: Trillium Asset Management, along with Green Century Equity Fund, has co-filed a Shareholder Proposal at Oracle Corporation (NYSE: ORCL) asking that:
“senior management, with oversight from the Board of Directors, set company-wide quantitative targets by March 2016 to increase renewable energy sourcing and/or production”.
Our proposal is #5 on the Oracle 2015 proxy card.
Rationale for a “Yes” Vote:
• Opportunities – In light of growing data needs, increased renewable energy sourcing may lead to cost savings, improve the company’s license to operate, and enhance U.S. energy security
• Risk management – Investing in renewable energy may reduce Oracle’s exposure to volatile energy prices and reduce reputational risk
• The company may be lagging behind peers who are already successfully using renewable energy
• Oracle’s opposition statement fails to address the issues we raise and demonstrates the weakness of its approach
You can find more information about our proposal here.
The post Information Regarding Trillium’s Shareholder Proposal at Oracle appeared first on Trillium Asset Management.
This post was originally published on TrilliumInvest.com
Visit the Invest With Values - Resource Directory to access leading investor information, opportunities, organizations, events, groups and tools.