Boards brace for âsay on climateâ resolutions
The global trend for shareholder input on companiesâ green transition plans is expected to feature during the mini annual general meeting season.
Rio Tinto has given investors an advisory vote on climate. Â
Reuters
Apr 7, 2021 â 10.22am
Save
Share
Boards are bracing for a wave of âsay on climateâ resolutions this meetings season, as banks and other big companies consider joining Rio Tinto, Santos and Woodside in giving investors an advisory vote on the issue in the same way as pay.
The âsay on climateâ votes â being pushed by British billionaire activist-investor turned climate warrior Christopher Hohn â is being backed locally by the influential Australian Council of Superannuation Investors. Proxy advisers are considering their position.