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Bank of America, Levi’s Win SEC Backing to Ax ESG Ballot Items

Jan. 24, 2023, 10:37 PM

Bank of America Corp. and Levi Strauss & Co. have the SEC’s support to bar ESG proposals from a conservative investor seeking information about companies’ social and political activities.

The National Center for Public Policy Research failed to tell the companies in a timely fashion that it owned enough of their stock to to offer the proposals at their annual meetings under Securities and Exchange Commission rules, agency staffers said in letters released Tuesday. The SEC decisions blessing the companies’ plans to toss the proposals came after the agency agreed on Jan. 19 with a plea from Pfizer Inc. to ...