Climate Action 100+ may flag key shareholder proposals and management votes during proxy season for investors to take into consideration on its website and in other communications. The Climate Action 100+ flagged votes list provides information to the market about company responsiveness to the goals of the initiative and progress towards disclosures requested through the Climate Action 100+ Net Zero Company Benchmark.
The list of flagged votes will be updated on a weekly basis throughout the 2024 proxy season. Follow us on LinkedIn to stay up-to-date.
Signatories are independent fiduciaries responsible for their own investment and voting decisions and must always act completely independently to set their own strategies, policies and practices based on their own best interests. Read our disclaimer.
COMPANY | FLAGGED VOTE | FLAG TYPE | SUPPORTING MATERIALS | RESULT |
AGM Date – 2 May 2024 Ltd (plc AGM was 4 April 2024) | ||||
Rio Tinto plc / Rio Tinto Ltd | Sarasin & Partners LLP to vote Abstain on Resolution 1 – Receipt of the 2023 Annual Report | Management Proposal | Memo and Sarasin & Partners LLP pre-declaration. | |
Sarasin & Partners LLP to vote Abstain on Resolution 12 – To re-elect Simon Henry as a Director | Management Proposal | |||
Sarasin & Partners LLP to vote Abstain on Resolution 19 – Reappointment of the Auditor | Management Proposal | |||
AGM Date – 4 May 2024 | ||||
Berkshire Hathaway | Item 3: Shareholder proposal requesting that the Board of Directors disclose in a consolidated annual report GHG emissions data by scope, as well as progress toward its net-zero decarbonization goal, for Berkshire Hathaway Energy. Filed by Illinois State Treasurer. | Shareholder Proposal | Illinois State Treasurer Exempt Solicitation. | |
AGM Date – 7 May 2024 | ||||
Suncor Energy | Item #5: Shareholder Proposal No. 2 – To consider a shareholder proposal for Suncor to disclose audited results assessing a range of climate transition scenario. Filed by Investors for Paris Compliance. | Shareholder Proposal | Investors for Paris Compliance memo, and supplemental statement from investor signatory NEI Investments. | |
AGM Date – 14 May 2024 | ||||
Equinor ASA | Resolution 15 – Shareholder proposal requesting an updated strategy and capital expenditure plan. Filed by Sarasin & Partners LLP, and three other Climate Action 100+ signatories. | Shareholder Proposal | Supporting Statement, Sarasin & Partners LLP statement, and supplemental statement from investor signatory Railpen. | |
AGM Date – 15 May 2024 | ||||
Valero Energy Corp. | Robeco to vote against Item 1d: reappointment of the Executive Chairman Joseph W. Gorder. | Management Proposal | Robeco memo. | |
AGM Date – 21 May 2024 | ||||
Shell plc | Resolution 23: Shareholder Resolution to align medium-term emissions reduction targets covering the greenhouse gas (GHG) emissions of the use of its energy products (Scope 3) with the goal of the Paris Climate Agreement. Filed by 27 Institutional Investors. | Shareholder Proposal | Memo from MN on behalf of client PMT (PensioenfondsMetaalenTechniek) and PMT’s pre-declaration. | |
AGM Date – 22 May 2024 | ||||
The Southern Company | Item 6: Disclose Short-, Medium- and Long-Term Operational GHG Targets. Filed by Mercy Investment Services and BNP Paribas Asset Management | Shareholder Proposal | Mercy Investment Services Exempt Solicitation. Supplemental investor signatory statements: Office of the Illinois State Treasurer memo and New York State Common Retirement Fund’s pre-declaration. | |
AGM Date – 23 May 2024 | ||||
NextEra Energy, Inc. | Proposal 5 — Climate Lobbying Report. Filed by CCLA Investment Management Limited, Mercy Investment Services and Railpen. | Shareholder Proposal | CCLA Investment Management Limited, Mercy Investment Services and Railpen Exempt Solicitation, InfluenceMap investor briefing, and supplemental statement from investor signatory San Francisco Employees’ Retirement System (SFERS). | |
AGM Date – 29 May 2024 | ||||
Chevron Corp. | Wespath Benefits and Investments to vote against Items 1a and 1d: reappointments of Lead Independent Director Wanda Austin and Director Enrique Hernandez, Jr. | Management Proposal | Wespath Benefits and Investments pre-declaration. | |
PAST AGM DATES | FLAGGED VOTE | FLAG TYPE | SUPPORTING MATERIALS | RESULT |
AGM Date – 30 April 2024 | ||||
PACCAR Inc. | Item 6: Stockholder Proposal Regarding a Report on Climate-Related Policy Engagement. Filed by Calvert Research and Management and the Comptroller of the City of New York. | Shareholder Proposal | Calvert Research and Management Exempt Solicitation and InfluenceMap investor briefing. | |
AGM Date – 30 April 2024 | ||||
Imperial Oil | Item 3: Shareholder proposal regarding a report on the impact of climate transition scenarios on asset retirement obligations. Filed by Athabasca Chipewyan First Nation on behalf of Leanne Baer. | Shareholder Proposal | Athabasca Chipewyan First Nation memo and supplemental statement from investor signatory Aequo. |