Equinor ASA | Introduce-Implement Climate Target and Emission Plan consistent to 1.5 degree

Status
1.87% votes in favour
AGM date
Previous AGM date
Proposal number
12
Resolution details
Lead filer
Resolution ask
Set targets or transition plans
ESG theme
  • Environment
ESG sub-theme
  • Climate Change
  • Emissions reduction
Company sector
Energy
Company HQ country
Norway
Resolved clause
Shareholders WWF and Greenpeace had proposed that the company would introduce and implement a climate target agenda and emissions reduction plan that is consistent with achieving the global 1,5 degree increase target.
Supporting statement
Equinor introduces and implements a climate target agenda and emissions reduction plan that is consistent
with achieving the global 1,5 degree C increase target defined in the Paris Agreement, which implies a 50
percent reduction by 2030 and a 100percent reduction by 2050 of absolute actual annual greenhouse
gas (GHG) emissions compared to 2015 emission levels. The plan must include Scope 3 emissions from the
combustion and other use of Equinor’s range of petroleum products. The transition required to implement
this plan must be based on an actual down-scaling of fossil fuel exploration and production and must exclude
compensation of actual emissions through the purchase or trading of CO2 quotas through the EU / ETS
system or through carbon sinks. The company shall in a transparent way report in its Energy Transition Plan
the projected expected absolute emissions within each emission category, to illustrate and communicate how
the company’s emissions targets will be achieved, and the status of the various trajectories