Domini Shareholder Proposal on Biodiversity Set to Go to Vote at Home Depot

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05/20/2025 - 07:00 AM

NEW YORK--(BUSINESS WIRE)-- Domini Impact Investments LLC, an SEC-registered asset manager with an exclusive focus on sustainable and impact investing, filed a shareholder proposal, along with two co-filers including Green Century Capital Management, Inc., calling on The Home Depot, Inc. to take steps to measure, manage, and report on its biodiversity impacts and dependencies.

The proposal requests that Home Depot “conduct and disclose a biodiversity impact and dependency assessment, including the full value chain and use of sold products, to inform its strategy to manage nature-related risks, impacts, opportunities, and dependencies.”

Domini filed a similar proposal with Home Depot last year, which received 16.1% support at its 2024 Annual General Meeting (AGM). This year’s proposal will be voted on by Home Depot shareholders at its 2025 AGM, which will be held on Thursday, May 22. The proposal will be presented at the AGM by Suzanne Simard, a Professor of Forest Ecology at the University of British Columbia and the author of Finding the Mother Tree: Discovering the Wisdom of the Forest. In her remarks, Simard speaks of the important role of forests in climate mitigation and Indigenous communities, and how industrial logging is harming the health of forests.

Domini’s Director of Engagement, Mary Beth Gallagher, commented, “While Home Depot has a Forestry and Wood Purchasing Policy, Sustainable Forestry Report, and programs to help consumers make more sustainable purchasing choices, it has not fully mapped how its business—whether through its wood products that harm forest ecosystems, gardening department sales of fertilizers and invasive plants, or sale of products containing forever chemicals—both depend on and harm nature. An assessment like the one we are requesting, which is science-based and location-specific, can help Home Depot develop a meaningful and impactful biodiversity strategy to ensure resilience of its sourcing activities and operations.”

Domini is part of the Launching Investor Group and Steering Group for Nature Action 100, a global investor initiative supporting greater corporate ambition and action to reduce nature and biodiversity loss through coordinated, science-based engagements. A recent report from Nature Action 100, a widely supported investor initiative, found Home Depot has not met benchmark expectations in any of the six assessment areas. Meanwhile, over 300 companies are using the Taskforce on Nature-related Financial Disclosures (TNFD) framework to assess their nature-related dependencies, impacts, risks, and opportunities, providing the foundation for the development of informed biodiversity strategies.

By conducting a biodiversity assessment of upstream and downstream risks, impacts, dependencies, and opportunities in accordance with the TNFD framework, Home Depot will be able to more effectively manage its exposure to systemic biodiversity and nature-related risks, improve the nature impacts of its products, and potentially capture new opportunities. Domini urges Home Depot shareholders to vote “FOR” the proposal (item 5 on the proxy card).

About Domini Impact Investments LLC

Domini Impact Investments LLC is a women-led SEC registered investment adviser that harnesses the power of finance to help create a better world. With an exclusive focus on impact investing, we aim to help drive positive outcomes for our planet and its people while seeking competitive financial returns. Our continuous innovation and caring, diverse community fuel tomorrow’s prosperity as we endeavor to make “investing for good” the way all investing is done.

Before investing, consider the Domini Funds’ investment objectives, risks, charges and expenses. Contact us at 1.800.582.6757 for a prospectus containing this and other important information. Read it carefully.

An investment in the Domini Funds is not a bank deposit, is not insured, and is subject to risks, including possible loss of principal. The market value of Fund investments will fluctuate. An investment in the Domini Impact Equity Fund is subject to certain risks, including impact investing, portfolio management, information, market, mid- to large-cap companies, and small-cap companies risks.

As of 3/31/25, The Home Depot, Inc. represented 1.20% of the Domini Impact Equity Fund’s portfolio. The composition of each Fund’s portfolio is subject to change.

Green Century Capital Management, Inc., Fiduciary Trust International, and Suzanne Simard are not affiliated in any way with Domini Impact Investments LLC (Domini). The Funds are subadvised by unaffiliated entities. Nothing herein is to be considered a recommendation concerning the merits of any noted company, or an offer of sale or solicitation of an offer to buy shares of any Fund or company referenced herein. Such offering is only made by prospectus, which includes details as to the offering price and other material information.

The Domini Funds are only offered for sale in the United States. DSIL Investment Services LLC, Distributor, Member FINRA. Domini Impact Investments LLC is the Funds’ Adviser. The Funds are subadvised by unaffiliated entities. 5/25