BP P.L.C. | Scope 3 Emissions Medium-Term Target Resolution at BP P.L.C.
How other organisations have declared their voting intentions
| Organisation name | Declared voting intentions | Rationale |
|---|---|---|
| MN | For | We expect companies to align their strategy with the Paris Agreement, this includes setting a scope 3 target aligned with a 1.5C degrees pathway. Moreover, more reporting on BP's climate strategy will enable us to better assess this alignment. |
| Pensioenfonds Rail & Openbaar Vervoer | For | We vote in favor of this resolution because we expect all companies in which we invest to formulate a strategy that is in line with the Paris Climate Agreement. |
| Anima Sgr | For | As the proposal would further aid shareholders in understanding the company's assessment of how it could reduce its carbon footprint in alignment with GHG reductions necessary to achieve the Paris Climate Agreement goal. |
| Universities Superannuation Scheme - USS | For | The resolution reinforces our previous communication with the Board to further develop Scope 3 commitments. |
| PGGM Investments | For | There is insufficient evidence to conclude that the company’s transition plan is aligned with the goal of the Paris Agreement. Regarding its upstream target, further disclosure is required on how oil and gas will separately develop, which IPCC categories and scenarios it used to benchmark itself, and if the decline takes into account abated vs. unabated fossil fuel use. Furthermore, the company does not explain how its downstream carbon intensity target is aligned with a 1.5°C degree warming pathway. |
| CoreCommodity Management, LLC | For | |
| LBPAM La Banque Postale Asset Management | For | |
| Rothschild & co Asset Management | For |
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