Unilever to let shareholders vote on new climate targets
Unilever has become one of the first global companies to voluntarily commit to putting new climate targets to a shareholder vote, with the company s science-based targets currently focusing on zero emissions for its operations.
Unilever will seek an advisory vote every three years on any proposed updates to the plan
Unilever announced on Monday (14 December) that its climate transition action plan would be placed before a shareholder vote for the first time, in a bid to gain a non-binding advisory agreement on the company’s decarbonisation plans.
Unilever will share its climate transition action plan in the first quarter of 2021, ahead of its AGM in May. The plan will then be updated based on shareholder feedback and Unilever will seek an advisory vote every three years on any proposed updates to the plan. The company will report annually against the plan from 2022.