The US State Treasurers of Illinois, Vermont and Connecticut have announced that they will vote against top figures at US energy firm Duke Energy in response to governance failings around climate change.
The trio will vote against Duke’s CEO and Chair, Lynn Good, and its Lead Independent Director, Michael Browning, at its AGM this week (6 May).
The news follows BlackRock’s vote against two directors at Warren Buffet’s Berkshire Hathaway over climate this weekend – more evidence that climate competence of boards is rising up the agenda for investors.
On Saturday, the investment behemoth voted against the re-election of Berkshire Hathaway’s former Chairman of the Audit Committee, Thomas Murphy, and the Chairman of its Governance Committee, Walter Scott, due to “concerns over shortfalls in the company’s governance practices and climate action planning and disclosure”.
Blackrock also supported proposals on climate risks and opportunities and…