AGMs

History of "say on climate" votes in Australia


September 23, 2022

Directors are increasingly agreeing to have a non-binding "say on climate" vote in order to fend off shareholder resolutions. This list tracks the history of Australian "say on climate" votes.

Santos: received just 63% support for its first non-binding climate action plan vote at the 2022 AGM held on May 3.

Rio Tinto: was the first ASX listed company to publicly commit and received a mandate of 82.49% on its climate action plan at the 2022 AGM held on May 5.

Woodside Energy: only promised to do one every 3 years but the first on May 19, 2022 only received support from 51% of voted shares. Time for another go next year, surely.

Prospective 2022 non-binding climate votes

AGL Energy: promised a climate non-binding vote last year but still not clear they will deliver given all the demerger and board turmoil.

South32: will be having its first say on climate vote at this year AGM.

Origin Energy: will be having its first say on climate vote at this year AGM.