Company: BRK-A
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054877
Chunk: 38

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 38
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ORS A VOTE AGAINSTTHE PROPOSAL FOR THE FOLLOWING REASONS: Berkshire’s Board recommends a “no” vote on this proposal. The Board does not believe it is relevant, necessary or in the best interests of shareholders to disclose its “clean energy financing ratio.” A clean energy financing ratio metric is primarily targeted at bank financing activities, examining transactions underwritten by banks for the energy sector. The metric is primarily utilized to measure progress toward a net zero or other emissions reduction goal intended to finance the transition to a low-carboneconomy. However, the metric has not been widely utilized, even in the financial sector. Berkshire is not a bank. The proposal’s effort to require disclosure of a ratio of total financing in low-carbonenergy as a portion of investment in fossil-fuel energy in investment mechanisms will not lead to the production of information that is meaningful to investors. Berkshire’s Board believes it would be imprudent to disclose such a ratio due to, among other reasons, the lack of any standardized calculation methodology. Significant variables such as economics, energy prices, the development and availability of new technologies, the influence of external policies and other factors render such a calculation of questionable value. 44https://www.ft.com/content/28bbd550-76f2-4207-8d25-91f8be26972d 45https://www.insurancejournal.com/news/national/2024/09/26/794409.htm; https://www.newyorker.com/news/the-financial-page/the-home-insurance-crisis-that-wont-end-after-hurricane-season 46https://www.npr.org/2024/03/03/1233963377/auto-home-insuance-premiums-costs-natural-disasters-inflation 47https://www.berkshirehathaway.com/2023ar/2023ar.pdf p.K-38, K-39 48 https://uphelp.org/over-50000-to-lose-homeowners-insurance-as-two-more-insurers-exit-california/ 49https://investinginclimatechaos.org/data 50https://interactive.web.insurance.ca.gov/apex_extprd/f?p=250:40:16374315235923::NO 51https://www.budget.senate.gov/imo/media/doc/Budget%20Committee%20Letters%20to%20Insurance%20Companies.pdf 52https://assets.bbhub.io/professional/sites/24/BNEF-Bank