Company: BRK-A
Filing Date: 2025-03-25
Form Type: PX14A6G
Source: 0001214659-25-004756
Chunk: 7

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-03-25
Form: PX14A6G
Chunk 7
---
, gas, coal and utilities.”

Based on the available data from the CDI’s Climate Risk Carbon
Initiative, the top 16 U.S. Property & Causality insurers invested $69.9 billion in fossil fuel-related assets, and only $2.3 billion
in green bonds. Of the 16 largest U.S. Property & Causality insurers, Berkshire had the second highest investment in fossil fuels
and the lowest investment in green bonds (at 0% of its total Assets Under Management).

While Berkshire responded to the CDI’s request for disclosure,
the Company does not voluntarily disclose its own reporting and has not disclosed the scale of its fossil fuel investments past 2019.
This limits investors’ understanding of the trajectory of Berkshire's exposure to the fossil fuel industry, and thus the Company’s
current risk.

_____________________________

https://ieefa.org/sites/default/files/2025-01/REVIEWED-15818-Briefing%20Note_2024%20Recap%20oil%20stocks%20%281%29.pdf,
p.1

https://ieefa.org/sites/default/files/2025-01/REVIEWED-15818-Briefing%20Note_2024%20Recap%20oil%20stocks%20%281%29.pdf,
p.1

https://www.iii.org/article/financial-reporting-pc-insurance-industry

https://assets.bbhub.io/professional/sites/24/BNEF-Bank-Financing-Report-Summary-2023.pdf,
p.4

https://interactive.web.insurance.ca.gov/apex_extprd/f?p=250:1:0::NO:10,25,30,40

Ceres Changing Climate for Insurance Sector Report, https://www.ceres.org/resources/reports/changing-climate-insurance-industry,
p.21

| 5 |

| 2025                                                 
 Proxy Memo                                           
 Berkshire                                            
 Hathaway Inc | Disclose Clean Energy Financing Ratio |

Even though the CDI initiative also tracked green bond investments,
it did not give sufficiently granular information to assess Berkshire’s clean energy financing ratio since green bonds can cover
a variety of activities not limited to clean energy. Thus, investors request that Berkshire define its activities for clean energy investments.

Only through Berkshire’s own disclosure can investors receive
accurate, cohesive, and up-to-date figures for the Company’s fossil fuel and clean energy investments. Unlike many of its peers,
Berk