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Shareholder asks Berkshire Hathaway to issue annual sustainability reports

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Shareholder asks Berkshire Hathaway to issue annual sustainability reports

Berkshire Hathaway Inc.'s board asked stockholders to vote against two shareholder proposals at its May 5 annual meeting.

One shareholder requested Berkshire Hathaway to issue a report reviewing the company's policies to measure, monitor, mitigate, disclose, to meet quantitative reduction targets and safety standards for methane assets and required upgrade costs to facilities resulting from all operations. Marcia Sage, owner of 30 class B common shares, gave notice that a representative of Baldwin Brothers Inc. would present the proposal.

The board opposed the proposal, saying that the issuance of a report is not a prudent exercise to undertake as methane emissions and reduction information is publicly available.

Another shareholder, Freeda Cathcart, owner of 500 class B common shares, requested the company to adopt a policy to encourage more Berkshire subsidiary companies to issue annual sustainability reports.

Opposing the proposal, the board said that the adoption of a policy to encourage more Berkshire subsidiaries to issue annual sustainability reports is not necessary since many of Berkshire's subsidiaries are already communicating their efforts with respect to sustainability.