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AGL to give shareholders climate vote

AGL to give shareholders climate vote Jul 22, 2021 – 1.49pm Save Share AGL Energy, the country’s 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 company’s climate report, chairman Peter Botten advised on Thursday. The concession is in line with the “Say on Climate” 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.

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