Company: BRK-A
Filing Date: 2025-03-25
Form Type: PX14A6G
Source: 0001214659-25-004756
Chunk: 8

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-03-25
Form: PX14A6G
Chunk 8
---
shire discloses no overarching climate strategy. Berkshire does not disclose the emissions from its investment or insurance activities,
it does not disclose targets to reduce those emissions, nor does it disclose sustainable investment targets. By disclosing its clean energy
ratio, Berkshire can provide decision-useful information to investors on whether it is proactively reducing its own climate risk within
its investment portfolio.

| 3. | Berkshire Hathaway lags peers in addressing the climate impact of its investment activities. |

Berkshire has failed to address its climate-related risk, despite calls
from investors to do so. Between 2022 and 2024, investors filed a proposal asking Berkshire to measure, disclose, and reduce the GHG emissions
associated with its underwriting, insuring, and investment activities. The proposal received investor support ranging from 26% percent
support (47% of independent shareholder votes) to 21% (40% of independent shareholders). Yet Berkshire has not offered the requested disclosures.
Berkshire has also declined engagements with investors on the topic for the last two shareholder resolution seasons.

Peers, alternatively, have increasingly begun to disclose invested
emissions and set targets to reduce these emissions.

| · | Allstate, a peer in the insurance sector, will establish a goal for financed emissions by the end of 2025, according to its TCFD report. 
 Allstate has also established an interim financed emissions inventory covering 44% of its portfolio.32                                   |

| · | American International Group (AIG) has established a net zero by 2050 target covering underwriting and investment and begun reporting 
 financed emissions on its corporate bond portfolios.33 The Company has also committed to phase out investments for clients            
 deriving 30 percent or more of their revenues from coal-fired power, thermal coal mines, or oil sands, and companies that generate    
 more than 30 percent of their energy production from coal.34                                                                          |

| · | MetLife has similarly established a target to achieve net zero greenhouse gas emissions by 2050 that covers its investment portfolio.35   
 MetLife does not invest in companies that derive 25% or more of their revenue from thermal coal or hold at least 20% of their oil reserve 
 in oil sands.36                                                                                                                           |

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https://delivery.contenthub.allstate.com/api/public/content/2023-TCFD?v=1f6ffaab,
p.7

https://www.aig.com/content/dam/aig/america-canada/us/documents/about-us/report/a