Ensure healthy lives and promote wellbeing for all at all ages

On the back of prolonged engagement over the past two years together with ShareAction’s Healthy Markets Coalition and the Access to Nutrition Foundation, Nestlé agreed a set of new nutritional commitments:

• benchmark and disclose the nutritional information of its products in 14 countries
• raise the target age of marketing of unhealthy foods
• cease marketing on gaming platforms where the user base is significantly comprised of under 16s.
• cease the marketing of infant formula milk from 1st January 2023.

After an initial reluctance to set healthy foods sales targets, we escalated the engagement and considered co-filing a shareholder resolution. Nestlé eventually agreed to set targets on absolute sales of healthy products. 

Take urgent action to combat climate change and its impacts

Based in the US, NextEra is one of the world’s largest generators of renewable energy. Despite its leadership in the generation of clean energy, the company has historically lagged peers in climate-related disclosure. In the run up to the 2024 AGM, we led the filing of a climate-related shareholder proposal at NextEra. NextEra has a target to reach net zero carbon emissions by 2045 although some of the trade associations to which it belongs can present forceful obstacles to addressing climate change. Our proposal asked the Board to report to shareholders on its approach to identifying and addressing misalignments between NextEra's lobbying and policy influence activities, and its 'Real Zero' goal. The proposal received an encouraging 33% support at the AGM in May.

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

In 2022, Amazon workers in Staten Island formed the first Amazon Union which has faced opposition and anti-union interference from the company. In 2023 and 2024 we co-filed a resolution at Amazon, urging an independent assessment of its commitment to workers’ rights as per its Global Human Rights Principles. The 2024 proposal achieved 32% of the shareholder vote. The rights to Freedom of Association and Collective Bargaining are International Labour Organisation (ILO) Core Conventions and a key part of the ILO Declaration on Fundamental Principles and Rights at Work. This means that they are internationally recognised as Human Rights norms that should be upheld, regardless of local legislation. The resolution may not have passed, but we will continue to seek to engage Amazon on the issue and have subsequently led a group of 50 investors, with $1.2 trillion in assets under management, in writing to the company to reiterate our concerns.