Press Release: LEADING U.S. PROPONENT OF GENDER PAY EQUITY SHAREHOLDER RESOLUTIONS PROVIDES 2020 FORECAST

Fresh off Mastercard decision Monday, 17 companies – including Adobe, Amazon, American Express, Facebook, Twitter, and Wells Fargo – face Arjuna Capital resolutions.

Boston, Massachusetts, March 2, 2020 - Arjuna Capital will hold a media briefing at 1:30 p.m. ET Wednesday (March 4th) to outline its 2020 shareholder season featuring 19 resolutions at 17 companies.  Of these resolutions, roughly two thirds (13) focus on gender/racial pay equity.

WHAT/WHY?:

Arjuna Capital is an investor champion of workplace concerns for women and minorities, touting the business case for equity and diversity in corporate ranks. In 2019 and 2018, Arjuna persuaded Starbucks, Citibank, J.P. Morgan, Wells Fargo, Bank of America, Bank of New York Mellon, American Express, Mastercard, Reinsurance Group and Progressive to publish their gender and racial pay gaps on an equal pay for equal work basis. Since 2016, Arjuna Capital has compelled disclosures from 22 companies, including leading U.S. tech and retail firms Apple, Amazon, Intel, Microsoft, Google, Facebook, eBay, Adobe, Expedia, and Nike.  Now, Arjuna Capital is returning in the 2020 shareholder season with 13 new shareholder resolutions promoting more detailed gender/racial pay equity disclosure.  The announcement Monday by Mastercard that it will comply with shareholder requests to release detailed gender pay equity data (including its global median pay gap) is only the most recent sign of the impact of Arjuna Capital.

In addition to the pending gender/racial pay equity proxy measures, the Arjuna Capital 2020 shareholder season forecast also will cover climate risk resolutions (Chevron and ExxonMobil), the need for human/civil rights board experts (Twitter, Facebook and Alphabet/Google), and workplace sexual harassment (NBC/Comcast).

WHO:

Natasha Lamb, managing partner, Arjuna Capital; and

David Cohen, co-chair and co-founder, The Institute for Workplace Equality.

WHEN:

1:30 p.m. ET, March 4 (Wednesday).

WHERE:

Members of the news media may dial 1-877-418-4267 by no later than 1:25 p.m. EST on March 4th. Ask for the “Arjuna 2020 shareholder season overview” news event call.

MEDIA CONTACT:  Alexander Frank | 703-276-3264 | afrank@hastingsgroup.com