A shareholder advocacy group is suing a Swiss-based insurance giant over its decision to nix a climate-related proposal from its 2026 shareholder meeting.
As You Sow filed a complaint Tuesday in federal court in Washington, challenging Chubb’s decision to exclude the advocacy group’s climate proposal with shareholders who will be voting by proxy.
The group’s proposal asked shareholders to vote on whether the company should commission a third-party report to determine whether pursuing claims against parties responsible for climate change — such as oil and gas producers — could reduce losses and benefit shareholders.
The lawsuit seeks a declaration that Chubb violated the Securities Exchange Act by excluding the proposal, as well as an injunction requiring the company to include the proposal in its 2026 proxy materials.
