Shareholder Advocacy

Shareholder Advocacy Highlights
As active ESG managers, Miller/Howard Investments files shareholder resolutions, engages in company dialogue with management, and engages companies through letter writing campaigns. We collaborate with other investors and organizations such as Ceres, the Investor Environmental Health Network, and the Interfaith Center on Corporate Responsibility on investor campaigns and public policy initiatives. We are signatories to and supporters of the UN Principles of Responsible Investment (UNPRI), and the Women's Empowerment Principles.

Miller/Howard's longevity in the ESG space means that we have seen SRI trends evolve and change over time. We look at the footprint of our holdings, finding opportunities for engagement on environmental impact and resource management, as well as ethical, transparent, and good governance. MHI was among the first to engage on hydraulic fracturing transparency at a time when there was very little disclosure; while we continue to press for increased transparency, we are now also looking at methane emissions.

Please email esg@mhinvest.com to request information on our recent resolutions.
Public Policy
Miller/Howard is working with and supporting Ceres and the Investor Network on Climate Risk* (INCR) as they call upon Congress and the White House to allow renewable energy and energy efficiency industries access to public capital markets in the form of MLPs and potentially real estate investment trusts (REITs) as well.

Lowell Miller commented on the policy disparity in a recent Ceres press release: “There is no apparent logic to the current exclusion of renewable energy companies from the ability to form publicly traded partnerships. A large part of the intent in permitting energy companies to become MLPs was to encourage the development of domestic energy resources and infrastructure...To fail to include renewable energy is, in effect, to say that the government and its tax system wants to implicitly encourage carbon-based energy development and to discourage—or not encourage—renewable energy development.”
https://www.ceres.org/press/press-releases/investors-extend-oil-gas-and-real-estate-benefits-to-clean-energy-to-unlock-investment

*The Investor Network on Climate Risk is a network of investors and financial institutions that promotes better understanding of the financial risks and investment opportunities posed by climate change. INCR is coordinated by Ceres, a coalition of investors and environmental groups working to advance sustainable prosperity.

Investor Networks and Coalitions
Miller/Howard Investments works with other investors, networks and coalitions. We are signatory members of many organizations including:

CDP (formerly the Carbon Disclosure Project)
An international, not-for-profit organization providing a standard global system for companies and cities to measure, disclose, manage and share vital environmental information.

Ceres
An advocate for sustainability leadership working with investors, companies, and public interest groups to accelerate and expand the adoption of sustainable business practices.

ICCR–Interfaith Center on Corporate Responsibility
An interfaith-based institutional investment center working with institutional investors and companies to promote environmentally and socially responsible practices around the world.

IEHN–Investor Environmental Health Network
An investor network encouraging companies to adopt policies to reduce and eliminate toxic chemicals in their products and processes.

The Thirty Percent Coalition
A diverse organization of stakeholders working together to support the goal of women holding 30% of board seats across publicly-traded companies.

UNPRI–United Nations Principles on Responsible Investment
An international network of investors and corporations working together to put principles of responsible investing into practice.

Women's Empowerment Principles
A joint project of the UN Global Compact and UN Women working to empower women to participate fully in economic life across all sectors and throughout all levels of economic activity.


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