ESG roundup: Swiss pension fund group sees climate vote win at Nestlé
By Susanna Rust2021-03-16T14:23:00+00:00 Nestlé is to give shareholders a vote on its climate strategy at its upcoming annual general meeting (AGM), prompting Ethos Foundation, a Swiss pension fund-backed organisation, to withdraw a shareholder resolution requesting such a move. The shareholder resolution had been jointly submitted by seven Swiss pension funds. In December, Ethos had written to the board of directors to encourage the company to offer an advisory vote on their climate change-related plans. In a statement, Ethos said it welcomed Nestlé’s decision, “which is based on num...
Source: ipe.com