Shareholder Advocacy for the 2025 Proxy Season
Bank of America (BAC) – Animal Welfare Oversight
– submitted for inclusion in the 2024 proxy materials
After our experience addressing Citigroup on the matter of animal welfare, we have extended our inquiry on the existence and level of Board oversight on the risks associated with animal welfare to Bank of America.
We submitted our proposal in November of 2024, and are awaiting a response from the company.
•Date for Bank of America’s 2025 Annual Meeting of Shareholders: TBA
Citigroup (C) – Report on Animal Welfare Oversight
– submitted for inclusion in the 2024 proxy materials
HII was pleased with the support gleaned from Citigroup shareholders in 2024. The proposal captured a modest 7.7%, but it afforded us to continue our pursuit for greater accountability and disclosure from the bank. We resubmitted our proposal for 2025, which requests that Citigroup publish a report disclosing whether and how the Board of Directors exercises oversight regarding material risks associated with animal welfare.
We are currently in the process of scheduling a discussion with corporate staff at Citigroup.
• Date for Citigroup’s 2025 Annual Meeting of Shareholders: TBA
JPMorgan Chase (JPM) – Transition Finance Impact Report
– submitted for inclusion in 2024 proxy material
HII is grateful for the opportunity to co-file this proposal, submitted by lead-filer Paul Rissman, Sierra Club Foundation board member. The resolution requests that JPM produce a report regarding the company’s transition finance efforts, detailing the potential risks and opportunities, particularly relating to the social impacts of these efforts.
A discussion between the lead proponent (Rissman) and corporate staff at JPM was held in late December.
Date for JPMorgan Chase’s 2025 Annual Meeting of Shareholders: TBA
Wells Fargo (WFC) – Contribution Congruency Report
– submitted for inclusion in proxy material
2025 marks the third year our proposal has been submitted to WFC, addressing the company’s lack of congruency between corporate political contributions and stated values. In 2024, the proposal received over 25% support from shareholders.
We are currently coordinating a date with corporate staff at WFC to discuss the proposal. Our colleagues at Corporate Accountability and the Black Collective will accompany us during our engagement with the company.
• Date for Wells Fargo’s 2025 Annual Meeting of Shareholders: TBA