메뉴 건너뛰기

XEDITION

Board

Glencore's Shareholder Opposition To Climate Report Grows

RickeyTolbert96539 2023.06.06 10:37 조회 수 : 2

LONDON, May 26 (Reuters) - Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions.

Around 29% of shareholders also backed a shareholder resolution seeking more disclosure on progress in scaling back thermal coal production.

Many of the world's biggest listed companies published their first climate action plans in 2020 to cut emissions in a bid to help with reaching the 2015 Paris Agreement goal of capping temperatures within 1.5 degrees Celsius.

While several have set long-term objectives to decarbonise, investors are increasingly focusing on shorter-term targets that show progress on delivering emission commitments.

Glencore mines and trades thermal coal, used to generate electricity, and has said it plans to run down its mines by the mid-2040s, closing at least 12 by 2035.

Its strategy to responsibly phase out the fossil fuel signalled a divergence from peers Anglo American and Rio Tinto, which had sold or spun out coal assets, and had been welcomed by shareholders in 2021.

But some have expressed concern this year over how much Glencore is disclosing about its thermal coal output plans.

Britain's largest asset manager Legal & General Investment Management and the fund arm of lender HSBC were among investors to file a request for more information to assess the company's alignment with global climate goals.

Influential proxy advisers ISS, Glass Lewis and PIRC had in the run-up to the AGM advised investors to support the motion. ISS and PIRC also advised against the climate progress report.

Glencore's climate progress plan had received support from 76% of voting shareholders at its 2022 AGM.

Glencore had said in a statement dated May 3 that it opposed the shareholder motion because it risked undermining the board's responsibility for its climate strategy, given existing disclosures.

With opposition to its climate progress passing the 20% threshold that constitutes material dissent among shareholders, the company responded in its AGM results statement:

"We will continue to engage with shareholders so as to ensure their views are fully understood and to better understand the reasons behind these results." (Reporting by Clara Denina, Additional reporting by Anchal Rana in Bengaluru; editing by Simon Jessop and Susan Fenton)

번호 제목 글쓴이 날짜 조회 수
49818 Big Changes To Tasmania's Border Closures After Covid Outbreaks GenesisShedden68 2023.10.21 1
49817 Steps To Import Cars From Japan To Australia FrankDoolette7088697 2023.10.21 1
49816 Slot Online Terbaik Iphone Apps Cheri3990636344497 2023.10.21 1
49815 Mengenal Lebih Dekat Kura-kura Darat: Jenis, Harga, Dan Perawatan Agnes61Y54866602442 2023.10.21 1
49814 The Advantages Of Slot Online Terbaik ChristenaMcColl3283 2023.10.21 1
49813 How To Start Out A Enterprise With Solely Jian Sword ABRGeraldine19229 2023.10.21 1
49812 Dampak Kecanduan Tayangan Video Dewasa Bagi Remaja ChadGano67937768406 2023.10.21 1
49811 Data De Validade PedroLorenzodaCunha 2023.10.21 1
49810 Польза Овощей DulcieCoble706738574 2023.10.21 1
49809 How To Grill Vegetables ValDeegan754025391 2023.10.21 1
49808 Instagram Photos, Videos & Reels Downloader SimaPhipps18337 2023.10.21 1
49807 Totobeta: Situs Slot Gacor Hari Ini Daftar Dewa Totobeta Terbaru KrystynaShipley3381 2023.10.21 1
49806 The Best Porn Sites To Watch Nude Sex Videos For Free Jon50I587725017979735 2023.10.21 1
49805 OEC Sri Lanka Stan16869089447191 2023.10.21 1
49804 Toronto Home Renovation Cost Estimator : Don't Forget About Our Autumn Home Renovation Promos! Get Save Big For The Renovation Of Your Dreams. LashondaBowden659 2023.10.21 1
49803 Is Emf Protection Worth [$] To You? SvenKillough8703 2023.10.21 1
49802 Stop Excessive Meowing And Reasons That Cats Meow RyanBateson61379912 2023.10.21 1
49801 Cease Losing Time And Start Cheap Car Insurance Dallas Tx MichalKoehler2377900 2023.10.21 1
49800 Baixar Video Youtube 399 LolitaMatthews96717 2023.10.21 1
49799 The World's Most Unusual Furniture Fair ElizaTill673709695 2023.10.20 1
위로