https://newsletter.mw.creamermedia.com
Energy|Financial
Energy|Financial
energy|financial

Australian pension major votes against Woodside chair, climate plan ahead of AGM

22nd April 2024

By: Reuters

  

Font size: - +

SYDNEY - Australia's third-largest pension fund has voted against the re-election of Woodside Energy chair Richard Goyder and the firm's climate action plan in a rebuke to the company's campaign to win shareholder support for its emissions plan.

Aware Super, which manages A$170-billion, said in a statement on Monday that Woodside had not made sufficient progress on its climate transition action plan to justify support at the annual general meeting this Wednesday.

"Our votes against both the re-election of chair Richard Goyder and the company’s Climate Transition Action Plan and 2023 Progress Report reflect this dissatisfaction," the statement said.

“This decision has not been taken lightly and is underpinned by our belief that climate change is one of the most significant financial risks to our portfolio."

Woodside referred questions about the decision to a recent letter from its chairman to shareholders, which defended the company's "disciplined approach."

Last year, nearly 49% of investor votes were against the company's climate plan, which Woodside put to an advisory vote for the first time.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.191 0.27s - 144pq - 2rq
Subscribe Now