TrajanovRisto/bert-esg
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| Environmental Negative
int32 0
1
| Environmental Neutral
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1
| Environmental Positive
int32 0
1
| Governance Negative
int32 0
1
| Governance Neutral
int32 0
1
| Governance Positive
int32 0
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| Social Negative
int32 0
1
| Social Neutral
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| Social Positive
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| __index_level_0__
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681
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Also, its U.S.-based plants have voluntarily participated in the American Chemistry Council’s Responsible Care® initiative for more than a decade. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 174 |
Investors are concerned that Chevron has not adequately addressed climate change – a massive risk that is already manifest and set to intensify over time via regulation, energy price swings, and growing uncertainty around the value of fossil fuel reserves. | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 460 |
The Board should summarize its findings to shareholders by January 31, 2022, and the report should be completed at reasonable cost and omitting proprietary information. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 356 |
These Committees regularly assess risks and opportunities related to climate change. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 80 |
Historically, releases from CPChem’s petrochemical operations have exceeded legal limits, exposing the company to liability. | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 154 |
The U.S. joined the Global Methane Pledge, committing to using best available inventory methodologies to quantify methane emissions. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 584 |
Your Board recommends a vote AGAINST this proposal because Chevron already provides extensive disclosure on its lobbying activities and expenditures. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 8 |
However, Chevron has yet to fully report these risks in either public filings or statements to shareholders. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 239 |
In a March 4, 2014, ruling that held that the Ecuadorian judgment was unenforceable in the United States and the plaintiffs’ counsel was liable for racketeering under the RICO statute, the U.S. District Court for the Southern District of New York (“SDNY”) found that the plaintiffs’ team “wrote the [Ecuadorian] court’s Judgment themselves and promised $500,000 to the Ecuadorian judge to rule in their favor and sign their judgment.” | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 262 |
While the ultimate responsibility for climate strategy should fall on the full board, a board committee can conduct a more focused review than the full board, and therefore better inform and strengthen board decision making by: | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 51 |
“Climate change poses a major risk to the stability of the U.S. financial system and to its ability to sustain the American economy” according to the United States’ Commodity Futures Trading Commission. | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 374 |
Chevron intends to reach these goals through innovation and top-tier performance. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 548 |
In 2021, a Dutch court ordered Shell to severely reduce their worldwide emissions (Scope 1, 2, and 3) by 2030. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 535 |
Shareholders request the Company to substantially reduce the greenhouse gas (GHG) emissions of their energy products (Scope 3) in the medium- and long- term future, as defined by the Company. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 310 |
RESOLVED: Shareowners request that the Board of Chevron Corporation take the steps necessary to amend Company bylaws and appropriate governing documents to give holders of 10% of outstanding common stock the power to call a special shareowners meeting. To the fullest extent permitted, such bylaw shall not contain exceptions or excluding conditions that apply to shareowners but not to the management or Board. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 653 |
Chevron has acknowledged the serious risk from enforcement of the $9.5 billion judgment. | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 457 |
Investors are also calling for high-emitting companies to test their financial assumptions and resiliency against substantial reduced-demand climate scenarios,4 and to provide investors insights about the potential impact on their financial statements.5,6,7 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 346 |
Corporate lobbying activities that are inconsistent with meeting the goals of the Paris Agreement present regulatory, reputational and legal risks to investors. | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 99 |
Chevron’s management of community-related issues is integrated into its Operational Excellence Management System (“OEMS”), which is available on Chevron’s website. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 207 |
Policy decisions can significantly affect Chevron’s strategies, capital investments, operations and, ultimately, stockholder value. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 16 |
Chevron’s employees are proud of their role in providing affordable, reliable, and ever-cleaner energy that people around the world depend on every day. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 341 |
We therefore encourage you to reduce emissions, inspiring society, employees, shareholders, and the energy sector, and allowing the company to meet an increasing demand for energy while reducing GHG emissions to levels consistent with curbing climate change. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 323 |
The health and safety of the communities in which Chevron Phillips Chemical operates is of a paramount concern. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 176 |
In Canada, stakeholder engagement for the Kitimat liquified natural gas project led to the creation of the First Nations Limited Partnership, intended to ensure that all 16 First Nations bands whose territories are along the Pacific Trail Pipeline route would be able to benefit economically from the project. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 220 |
In the 2019 Corporate Human Rights Benchmark, Chevron received zero points on remedy, evaluating effectiveness of human rights actions, and communicating how impacts are addressed. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 195 |
We believe that Paris-aligned climate lobbying helps to mitigate these risks, and contributes positively to the long-term value of our investment portfolios. | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 101 |
The OE framework guides Chevron Phillips Chemical’s efforts in the design of facilities. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 171 |
As fiduciaries, our board is responsible for stewardship of business performance and long-term strategic planning, in light of risk factors like climate science and policy. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 63 |
The Board continues to believe this By-Law is in the stockholders’ best interests and provides appropriate and reasonable limitations on the right to call special meetings. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 244 |
peers (Shell, bp, TotalEnergies) have released more transparent disclosures in their audited financial statements, articulating the extent of consideration of climate change contingencies and risks. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 561 |
Finally, although the proposal purports to relate to special meetings, its supporting statement shows that this is a vehicle to discuss the fraudulent Ecuador litigation and various frivolous allegations against Chevron. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 678 |
Your Board is confident that the Company’s lobbying and political activities – and association memberships – are aligned with Chevron’s goals and the long-term interests of our stockholders. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 138 |
It is in investors’ interest to reduce climate externalities to protect long-term returns. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 377 |
Other examples are available in Chevron’s Corporate Responsibility Report and in the Corporate Responsibility case studies, which are on Chevron’s website. | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 222 |
Despite the materiality of this issue, Chevron’s audited annual disclosures do not currently provide investors with sufficient insight into assumptions used to assess productive assets for impairment and stranded asset risk. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 559 |
Therefore, shareholders support oil and gas companies to change course; to substantially reduce emissions. | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 313 |
Rather, your Board believes that stockholder interests are best served when Directors have the flexibility to determine the best person to serve as Chairman, recognizing that no single leadership model is appropriate in all circumstances. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 491 |
Itemized in each report are all contributions to candidates, organizations, and committees as well as those related to ballot measures. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 31 |
Chevron’s social investments strive to empower people to improve their lives and meet their full potential. | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 383 |
Chevron recognizes that the use of fossil fuels to meet the world’s ever-growing energy needs is a contributor to rising levels of greenhouse gases (“GHGs”) in the earth’s atmosphere. | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123 |
However, Chevron believes that through continuous participation with these organizations it has the best opportunity to influence their positions in a manner that aligns with the long-term interests of its stockholders. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 22 |
Chevron addresses the risks and opportunities presented by the global transition toward a lower-emissions energy system through its three strategic action areas: (1) lower carbon intensity cost efficiently, (2) increase renewables and offsets in support of our own business, and (3) invest in low-carbon technologies to enable commercial solutions. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 386 |
ICRtoP lists several countries, cited by the United Nations and civil society organizations, in which Chevron is currently producing oil and gas: Burma (Myanmar), Democratic Republic of Congo, and Nigeria. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 609 |
The Company’s policies and processes address the concerns raised in the proposal, and a separate report is not an effective way to achieve the stated objectives. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 202 |
Chevron supports the goals of the Paris Agreement and is committed to lowering our portfolio carbon intensity, on a full-cycle basis, and to being transparent about our progress. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 563 |
Chevron received a similar proposal last year, seeking an audited report on how the energy sector pathway hypothesized in the IEA Net Zero 2050 scenario (NZE 2050) would affect Chevron’s financial position and underlying assumptions. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 564 |
It is essential, therefore, for Chevron to exercise its fundamental right and responsibility to participate in the public policymaking process. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 119 |
In light of these serious matters – which evidence a lack of accountability in Chevron’s C-suite and board room – shareholders need strengthened capacity to call a special meeting. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 667 |
The report requested in the proposal would not lead to enhanced protection against the physical risks of climate change. | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 179 |
A list of trade association memberships in which annual dues paid are $100,000 or more and wherein a portion of the dues may be used for lobbying. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 32 |
The board should consider the need for staffing to adequately resource the committee.1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 58 |
Peer Shell produced an “Industry Associations Climate Review” report to ensure its trade association participation aligned with its views. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 417 |
As a result, investors have requested that the U.S. Securities and Exchange Commission investigate whether Chevron violated securities laws by misrepresenting or materially omitting information in regard to the multi-billion Ecuadoran judgment. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 240 |
Chevron’s Business Conduct and Ethics Code underscores our commitment to diversity and inclusion, as well as our respect for human rights. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 645 |
Climate change is a challenge for all of us, and we need to address it holistically. | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 539 |
In the course of these proceedings, Chevron’s management made significant missteps, including moving the case from New York to Ecuador. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 235 |
Chevron has supported lobbying and trade associations that spread dis-information on climate science and policy, such as the American Legislative Exchange Council (“ALEC”) and the American Petroleum Institute (“API”). | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 284 |
Describe any efforts to validate emissions estimates and disclosure through a third-party audit or evaluation. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 592 |
However, Chevron believes that through continuous participation with these organizations it has the best opportunity to influence their positions in a manner that aligns with the long-term interests of its stockholders. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 131 |
To this end, Chevron works with governments and other stakeholders to develop climate policy that addresses environmental goals while continuing to ensure critical access to affordable, reliable, and ever-cleaner energy. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 127 |
Chevron has acknowledged the serious risk from enforcement of the $9.5 billion judgment. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 276 |
The Intergovernmental Panel on Climate Change projects dramatic drops in industry emissions of 50 to 90 percent by 2050 are necessary to limit global warming to 1.5 and 2 degrees Celsius. | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 62 |
On August 8, 2016, the U.S. Court of Appeals for the Second Circuit unanimously affirmed the SDNY’s findings, noting that “the record in the present case reveals a parade of corrupt actions…, including coercion, fraud and bribery, culminating in the promise to [the] Judge of $500,000 from a judgment in favor of the [Ecuadorian plaintiffs].” | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 263 |
This report further describes Chevron’s lobbying strategies and governance to ensure its trade association memberships are in alignment with Chevron’s interests with respect to climate change issues. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 437 |
In June 2017, the U.S. Supreme Court denied review, rendering the New York judgment final. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 264 |
For decades, Chevron has managed risks associated with the impact of ambient conditions on our operations. | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162 |
We are confident you will agree that the Company’s disclosures are extensive and address the proposal’s request. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 47 |
Preparing for and holding a special meeting is time-consuming and expensive. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 508 |
On an annual basis, the Public Policy Committee of the Board of Directors reviews the policies, procedures and expenditures for Chevron’s political activities, including political contributions and direct and indirect lobbying. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 43 |
Your Board recommends a vote AGAINST this proposal because the full Board already has oversight of the Company’s strategy, including the Company’s response to climate change, and has Committees that also consider climate change issues. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 67 |
As climate change intensifies flooding and storm strength, the potential for unplanned chemical releases grows. | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155 |
Your Board believes, and several prominent courts and international tribunals have now confirmed, that the Ecuador litigation is the product of fraud, extortion, and bribery. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 298 |
Further, Chevron has increased renewable fuels and products in its value chains over the last decade and plans to spend $750 million by 2028 in investments in renewables and offsets. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 339 |
Chevron exercises its fundamental right and responsibility to participate in the public policymaking process across myriad public policy issues important to its business. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 135 |
We believe management has mishandled a variety of issues in ways that significantly increase both risk and costs to shareholders. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 229 |
Resolved: Shareholders request that Chevron, with board oversight, publish a report, omitting proprietary information and prepared at reasonable cost, assessing the public health risks of expanding petrochemical operations and investments in areas increasingly prone to climate change-induced storms, flooding, and sea level rise. | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 141 |
For purposes of this proposal, a “grassroots lobbying communication” is a communication directed to the general public that (a) refers to specific legislation or regulation, (b) reflects a view on the legislation or regulation and (c) encourages the recipient of the communication to take action with respect to the legislation or regulation. “Indirect lobbying” is lobbying engaged in by a trade association or other organization of which Chevron is a member. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 401 |
Resolved: Shareholders request the Board of Directors charter a new Board Committee on Climate Risk to evaluate the board and management’s climate strategy and to better inform board decision making on climate risks and opportunities. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 49 |
In addition to facilities design and operation, Chevron Phillips Chemical, based on the Responsible Care® initiative’s Product Safety Code, also evaluates, demonstrates, and continuously improves its product safety performance. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 177 |
The pattern and number of penalties, court filings, and protests Chevron faces from fenceline communities raise questions about whether Chevron’s policies and systems are effectively implemented to prevent, mitigate and remedy human rights impacts. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 196 |
Instead of negotiating an expedient, fair, and comprehensive settlement with the affected communities in Ecuador, Chevron pursued a costly legal strategy that lasted for more than two decades. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 234 |
He has not yet responded, and has also demurred on the question of how much Chevron has spent on litigation and PR regarding the Ecuador matter. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 662 |
We are committed to supporting strong energy allies who promote democracy. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 444 |
While Chevron has made DEI and philanthropic commitments to support Black employees and communities, its practices have historically exacerbated racial inequities. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 636 |
In June 2017, the U.S. Supreme Court denied review, rendering the New York judgment final. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 301 |
Chevron shares the concerns of governments and the public about climate change risks. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 122 |
2. Payments by Chevron used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 3 |
We plan to release a Methane Strategy Update (“Update”) later this year, which will address methane detection, direct measurement quantification, and disclosure. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 594 |
Therefore, your Board recommends that you vote AGAINST this proposal. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 48 |
A link to the California Secretary of State Lobbying Activity website and instructions for accessing the Company’s current and previous years’ quarterly lobbying reports. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 38 |
One example of a lower carbon scenario tested against Chevron’s portfolio is the SDS. | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 364 |
Finally, although the proposal purports to relate to special meetings, the supporting statement makes clear that the proposal is a vehicle to discuss the Ecuador litigation and related actions against Chevron. | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 259 |
Therefore shareholders support oil and gas companies to substantially reduce their emissions. | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 526 |
In 2020, more than 60 percent of Chevron’s total Scope 1 and Scope 2 equity GHG emissions were in regions with existing or developing carbon pricing policies. | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 366 |
The Board thus has great flexibility to choose the optimal leadership for the Board depending upon Chevron’s particular needs and circumstances at the time. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 469 |
Therefore, enforcement of the Ecuadorian Judgment remains a serious and ongoing financial risk. | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 660 |
In many cases, this disclosure goes beyond what is required by law. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 113 |
Chevron’s Enterprise Risk Management (“ERM”) process includes an annual review with executive management and the Board of Directors that identifies financial, operational, market, political, and other risks inherent in its business. | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 214 |
Chevron already discloses extensive information about its political contributions and lobbying activities. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 11 |
Your Board continues to believe its current By-Law is in stockholders’ best interests and provides appropriate reasonable limitations on the right to call special meetings. | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 680 |