Climate lobbying vote at Santos sets new Australian record as investors press Australian oil and gas giant on Paris alignment
Two climate proposals at Santos enjoyed unprecedented shareholder support today at the oil & gas giant’s virtual annual meeting, with a record-breaking one on lobbying making Australian corporate history.
The first resolution, on setting targets aligned with the Paris Accord (covering Scope 1, 2 and 3 emissions), was supported by a massive 43% of shareholders.
Even more impressive, however, was the second proposal, calling on Santos to ramp up its disclosures around climate-related lobbying, which was backed by 46.35% of investors -- a new Australian record, surpassing the 46.32% vote at Origin Energy in 2018, also on lobbying.
Both proposals were filed by influential shareholder advocacy group the Australasian Centre for Corporate Responsibility (ACCR) and were publically supported by numerous international public …