Corporations Shouldn’t have a Monopoly on Power: Part 2
The Nathan Cummings Foundation’s Director of Corporate and Political Accountability, Laura Campos, recently sat down with leaders from three of our partners – Joe Maxwell, Executive Director of the Organization for Competitive Markets (OCM), Sarah Miller, Deputy Director of the Open Markets Institute (OMI) and Stacy Mitchell, Co-Director of the Institute for Local Self-Reliance (ILSR) – all of whom are on the frontlines of the fight …
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Corporations Shouldn’t have a Monopoly on Power: Part 1
The rise of giant platform monopolies like Facebook, Google and Amazon has drawn renewed attention to the problematic nature of concentrated corporate power. The unfettered power of these and other massive corporations is inextricably linked to the failure to decrease inequality, promote racial justice and address the climate crisis, and anti-monopoly work is a key …
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Shareholders for Stakeholders: CEOs should safeguard, not silence, engaged investors
Via Impact Alpha: The Business Roundtable’s statement from 181 CEOs committed to pay employees fairly, protect the environment and foster diversity and inclusion. They also committed to transparency and effective engagement with shareholders. The statement confirmed that the purpose of a corporation extends beyond simply generating profits for its shareholders. And yet, the Roundtable and …
2019 Joan Bavaria Award Winner Laura Campos’ Remarks at Ceres Conference
Nathan Cummings Foundation’s Laura Campos was awarded the 2019 Joan Bavaria Award for her leadership on sustainability. Below are her full remarks from the Ceres Conference, where she accepted the award. Thank you, Ceres and Trillium Asset Management, for naming me the winner of the 2019 Joan Bavaria Award. It’s incredibly humbling, both in light …
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“Keep It Secret” Policies Enable Cultures Of Harassment And Discrimination
“Thanks to Tarana Burke’s Me Too movement, TIME’S UP and others, it’s no longer possible to ignore the devastating impacts of discrimination, harassment and sexual assault in the workplace. In the business world, we’ve seen many alleged harassers removed from positions of power. But while Les Moonves and his ilk may be gone, it’s not …
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Climate Majority Project’s Net-Zero by 2050 Report
“A new report [from our partner the Climate Majority Project] details the urgency of global decarbonization and the risks and opportunities for electric utilities and their investors while outlining the governance transformations needed for companies to achieve the net-zero target. The UN Intergovernmental Panel on Climate Change (IPCC) concluded in October 2018 that we must …
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The First Peoples Investment Engagement Program Case Study: Social Cost and Material Loss
“The First Peoples Investment Engagement Program (FPIEP) case study, Social Cost and Material Loss, examines the numerous impacts attendant to the Dakota Access Pipeline (DAPL) project to highlight the costs that companies, financial institutions, investors and communities linked to the project faced by not respecting the human rights of indigenous peoples. This case study thus serves as …
America’s Concentration Crisis: An Open Market’s Institute Report
“Monopoly power is all around us: as consumers, business owners, employees, entrepreneurs, and citizens. When we purchase everything from washing machines to groceries, website domains to medical supplies, and even when we select a coffin for a recently deceased loved one, we are constrained by the small set of actors who increasingly control America’s commerce. …
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Under pressure: AT&T, Exxon Mobil, Range Resources face investor calls for political transparency
The Nathan Cummings Foundation’s Role as Shareholder Activist
After 15 years of working on shareholder engagement efforts at the Nathan Cummings Foundation, Laura Campos is surprised that more foundations haven’t begun initiatives of their own.
Nathan Cummings Foundation Statement on Occidental Petroleum
Nathan Cummings Foundation Statement on Occidental Petroleum Today, a proposal led by the Nathan Cummings Foundation and Wespath asking Occidental Petroleum to conduct an assessment of the long-term impacts of climate change on its business went to a vote for a second time and passed with strong support from investors. This historic vote marks the first time that …
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Foundations Can Use Their Shareholder Muscle to Fight Climate Change
For more than 20 years, ExxonMobil and other large oil companies have defeated shareholder proposals focusing on climate change. This spring, the trend continued. Not a single climate-focused proposal passed at a major American oil company. So why…