Weis not adequately assessing climate changes impacts to its supply chain [Video]

HARRISBURG, Pa. (WHTM) — The leader of a firm that invests in companies and pressures them to improve their records on social issues — and which owns a stake in Weis Markets — says the supermarket chain isn’t taking climate change seriously enough.

“Climate change doesn’t just threaten, for example, Weis’s stores in Pennsylvania,” said Matt Prescott, president of The Accountability Board, which owns Weis shares and wants shareholders to approve a resolution that would require the company to explain what the investment firm considers a less serious stance on climate change than the stances taken by some other supermarket chains. “It threatens the company’s supply chain, from all corners of the world. And it doesn’t seem to us like the company is fairly and adequately evaluating those risks and disclosing them and taking steps to mitigate them.”

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News of the shareholder resolution was first reported by biznewsPA. A copy of the resolution is below.

The …