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Boards Brace For ‘say on Climate’ Resolutions

12 April 2021 Articles

Boards are bracing for a wave of “say on climate” resolutions this meetings season in Australia, as banks and other big companies consider joining Rio Tinto, Santos and Woodside in giving investors an advisory vote on the issue in the same way as pay.

The “say on climate” votes – being pushed by British billionaire activist-investor turned climate warrior Christopher Hohn – is being backed locally by the influential Australian Council of Superannuation Investors. Proxy advisers are considering their position.

Read the full article here for the Australian Financial Review's coverage on findings from Morrow Sodali's 2020 AGM Season Review. Jana Jevcakova (Managing Director, Corporate Governance APAC) and Andrew Vasey (Director, Corporate Governance APAC) speak to the findings from the 2020 meetings season and what this means for companies looking forward into 2021.

“It’s become more obvious investors are really after tangible targets and these include medium- and short-term targets. So what is the company doing next year and in two years in order to get to that aspiration goal?”

- Jana Jevcakova

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