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Next steps for Chipotle after shareholders’ vote ‘for’ sustainability report comes up short

In mid-May, Chipotle Mexican Grill (NYSE: CMG) shareholders voted on two investor-proposed sustainability issues during the company’s annual meeting. The fact that both sustainability proposals lost is not all that unusual – sustainability/CSR/ESG resolutions rarely receive shareholder approval at U.S. public companies. In fact, even organizations that specialize in raising such issues in the context of annual shareholder votes acknowledge that they rarely win. Instead, they hope the proxy process will motivate the board to “take a stand on sustainability” – as sustainability investor Bob Eccles said in his March 30, 2016 blog post on Forbes.com.

Despite the company’s “Food with Integrity” commitment, Chipotle’s board and management opposed the non-binding…

Continue Reading Next steps for Chipotle after shareholders’ vote ‘for’ sustainability report comes up short