WOODSIDE PETROLEUM LTD. | Climate Report

Status
51.03% votes in favour
AGM date
Proposal number
9
Resolution details
Company ticker
WPL
Lead filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Climate Change
Company sector
Energy
Company HQ country
Australia
Resolved clause
An advisory resolution for adoption of the Climate Report 2021 is proposed for shareholder approval.
Supporting statement
The Climate Report 2021 summarises Woodside's climaterelated plans, activities, progress and climate-related data for the period 1 January 2021 to 31 December 2021. The Climate Report 2021 has been structured to align with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations framework. It describes the Company's strategy including progress against emissions
reduction targets, financial resilience testing of Woodside's portfolio using scenarios, targets and metrics, risk management and governance.

Shareholders should vote for the adoption of the Climate Report 2021 because it articulates how Woodside aims to thrive through the energy transition by building a low-cost, lower carbon, profitable, resilient and diversified portfolio. It explains how Woodside intends to deliver on our climate strategy and provides an update on our progress in 2021, including the challenges and risks that we face.

The vote on the adoption of the Climate Report resolution is advisory only and does not bind the directors or the Company. This advisory vote is intended to provide a forum for shareholders to discuss and provide feedback on the Climate Report. However, the Board will take the outcome of the vote into consideration when reviewing the climate change approach of the Company.