AGL to give shareholders climate vote
Jul 22, 2021 â 1.49pm
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AGL Energy, the countryâs biggest greenhouse gas emitter, has agreed to give shareholders a vote on climate reporting for both its demerged businesses as renewed pressures build up around its emissions commitments ahead of its annual shareholder meeting.
Shareholders in both the coal power-heavy Accel Energy and in the retail-dominated AGL Australia will be able to have their say in an advisory vote on the respective companyâs climate report, chairman Peter Botten advised on Thursday.
The concession is in line with the âSay on Climateâ campaign, an initiative developed by British activist investor Christopher Hohn which has been gaining traction in Australia. Woodside Petroleum, Santos, Rio Tinto and Oil Search have this year all agreed to put on climate reporting to a non-binding, advisory vote starting at their 2022 AGMs.