F&B giant General Mills has rejected a proposal by Green Century Capital Management to investigate and report on how it can tackle its packaging footprint by reducing plastic usage. Forty percent of shareholders voted in favor of the motion but were beaten by a majority who say the current targets and reporting on recyclability are sufficient. Despite losing the vote, Green Century says it sees the 40% support as a positive development. In 2022, a similar vote passed by 56% but the report that was promised by the vote was never produced.
