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Shareholder advocacy targets flexible packaging, reusables and recycling labels [Yahoo! Finance]
Last the kraft heinz company earnings: 4/30 07:05 am
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US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Shareholder resolution season is well underway with numerous proposals targeting packaging usage by CPG, food service and hotel companies. These g roups have focused on plastic packaging for years, and that theme continues. This time, categories such as flexible and reusable packaging also came up. Companies have the option to challenge resolutions with the Securities and Exchange Commission, though so far multiple proposals have made it through for a potential vote. Groups have also reached agreements to withdraw proposals at multiple companies. As You Sow, a shareholder advocacy group, chose to make flexibles a focal point this year following the relative lack of achievement on 2025 plastics targets set via groups such as the U.S. Plastics Pact and Ellen MacArthur Foundation "We think there needs to be some level of accountability when the deadline is missed,” said Conrad MacKerron, senior vice president at As You Sow. "When you look at the continued struggle just to recycle
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