Proposal Passed

Caterpillar Must Be Held Accountable for Its Contribution to Climate Change

Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives; the company reported sales and revenues of $51 billion in 2021 alone.
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Caterpillar conducts business on every continent across the globe, manufacturing its products in over 110 facilities worldwide which are then distributed in nearly 200 countries. Although Caterpillar’s greenhouse gas (GHG) emissions intensity worldwide in 2020 equated to 35 metric tons of CO2 per million dollars of sales and revenues, the company has not set targets to reduce GHG emissions across its entire enterprise, including supply chain emissions, nor has it disclosed a plan for how to achieve Paris-aligned GHG emissions reductions.

Caterpillar has released their 2022 proxy statement for their upcoming AGM on June 8th 2022. In order to be eligible to vote in this AGM you must have purchased your shares before April 13, 2022.

Our Goal

Our goal is to support As You Sow’s proposal to Caterpillar by launching a campaign that allows individuals to invest in a more sustainable future and ensure Caterpillar is endeavouring to limit its impact on climate change by voting at the company’s next shareholder meeting. The proposal requests that Caterpillar issue a report within a year, and annually thereafter, disclosing interim and long-term greenhouse gas targets aligned with the Paris Agreement’s goal of maintaining global temperature rise at 1.5 degrees Celsius, and progress made in achieving them. This reporting should cover the Company’s full scope of operational and product related emissions. A “win” would result in Caterpillar being required to such a report annually which should further describe:

  • Caterpillar’s climate transition plan for achieving its GHG reduction goals, including aligned capital allocation where relevant;
  • A rationale for any decision not to set targets aligned with the Paris Agreement’s 1.5 degree goal;
  • Other information deemed appropriate.

Why It’s Important

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How Tulipshare works
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We identify opportunities for ethical change at public companies
These opportunities are identified through our own research analysts and the community we’ve built at Tulipshare. We then work with our legal team to verify and build our campaign.
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We work to acquire company shares so that we can engage as an investor
Unfortunately, there’s a minimum investment threshold to be able to vote and propose changes at public companies. That’s why we created Tulipshare - so that we can unify the investing power of like-minded individuals to drive change from within.
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We leverage the collective shares of our investor community
Once we acquire enough shares, we start discussions with the company to promote ethical change. This isn’t always easy and the company may object to our requests. However we keep our investors informed of progress and all communications - so you’re aware of what’s happening every step of the way.
Caterpillar Inc.
CAT
$178.81
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Past performance is not indicative of future results
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Caterpillar Inc.
CAT
$178.81
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