Climate change will be one of the issues to be debated at tomorrow’s annual General Meeting of the Smucker’s food conglomerate. The company, which derives 40 percent of its revenue from its Folger’s coffee business, has on its proxy ballot a shareowner resolution submitted by Calvert Investments and Trillium Asset Management, which, according to a press release, calls for “detailed disclosure by the company about climate-related risks to the Folgers Coffee and other brands.”
The resolution, which was filed in March, predated the publication of company’s 38-page 2011 Corporate Responsibility Report. The report, according to the press release, “contained only one page devoted to coffee and none to climate change.”
Click for the rest of Robert Kropp’s story on GreenBiz.com originally printed on SocialFunds.com.
Coffeehouse Observer 