Shareholders Keep It Simple to Score Rare Climate Proxy Wins

A new shareholder advocacy group pulled off rare corporate ballot wins at Jack in the Box and Wingstop this year with proposals pushing the restaurant chains to set greenhouse gas emissions reduction targets for the first time.

The two-year-old Accountability Board—which also came just shy of a third proposal win at Denny’s—called out the fast-food giants for not providing any greenhouse gas emissions data, and pointed to competitors like McDonald’s Corp. that publish extensive disclosures on their emissions and reduction plans. The group’s resolutions secured 56.6% shareholder support at Jack in the Box Inc., 52.2% at Wingstop Inc., and 49.9% ...