Summary by Moomoo AI
Bowyer Research has recommended Costco Wholesale shareholders to vote in favor of Proposal 4, which calls for an audited report on the feasibility of a 2050 net-zero carbon goal or similar decarbonization targets. The proposal emphasizes the need for transparency and consideration of various factors such as technological and economic feasibility, the accuracy of climate models, international adoption, and government mandates. Costco's Board of Directors opposes the proposal, arguing that further reports are unnecessary and that the company should continue to focus on its current Climate Action Plan. The Board's opposition is criticized for mischaracterizing the proposal, overstating climate risks, and presupposing an activist approach to fiduciary duties. Bowyer Research contends that the Board's response fails to address the substance of the critique and that the transparency requested by the proposal is justified and necessary.