First Affirmative Financial Network Sustainability Commitments
2019
Sought mandatory ESG reporting
First Affirmative said it was approaching over a dozen other companies in its portfolio that lacked comprehensive sustainability reporting over the course of 2019 to discuss its concerns, and would file shareholder proposals if necessary. It also said it continued to support standardized reporting initiatives and had signed a petition asking the SEC to develop mandatory ESG reporting guidelines for public companies.
2022
Hold directors accountable
From its 2022 guidelines, First Affirmative said it may oppose the election of directors responsible for the oversight of climate risk, and that directors responsible for climate oversight that do not rapidly adopt and implement a transition plan to align corporate targets with limiting warming to 1.5 degrees C will be held accountable.
