Summary by Futu AI
Meta Platforms, Inc. is facing a shareholder proposal, led by Katie Carter of the Presbyterian Church (U.S.A.), requesting the company to report on its framework for aligning its lobbying activities with its stated climate goals for 2030. The proposal emphasizes the tech sector's significant greenhouse gas emissions, with AI expected to increase these emissions substantially. Despite Meta's commitment to net zero emissions by 2030, the proposal argues that the company's lobbying and policy influence activities, particularly through trade associations, do not align with its climate commitments or the Paris Agreement. The proposal calls for improved transparency and a public report detailing Meta's direct and indirect lobbying activities, criteria for assessing alignment, and strategies for addressing misalignments. The shareholder proposal, identified as Proposal 14 on Meta's proxy card, is part of a broader investor movement demanding greater disclosure of companies' climate lobbying efforts and their consistency with the Paris Agreement goals.