ORIGIN ENERGY LIMITED | Proposal 9(b) Climate accounting and audit at ORIGIN ENERGY LIMITED

Status
Withdrawn
AGM date
Previous AGM date
Proposal number
9
Resolution details
Company ticker
ORG
Lead filer
ACCR
Resolution ask
Conduct due diligence, audit or risk/impact assessment
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
Australia
Resolved clause
Shareholders request that from the 2023 financial year, the notes to our company’s audited financial statements include a climate sensitivity analysis that:
• includes a scenario aligned with limiting warming to 1.5°C
• presents the quantitative estimates and judgements for all scenarios used, and
• covers all business segments, including exploration assets in Integrated Gas
Supporting statement
Our company states that its support of the Paris Agreement, including the target of limiting warming to 1.5°C, is 'unequivocal'. Despite this, and against investor expectations, our company does not adequately consider climate change in its financial statements. For example, it is unclear how a 1.5°C scenario, which our company calls for, could impact our company's financial position. In the 2021 CA100+ Net Zero Company Benchmark, our company’s 2021 financial statements and audit report were reviewed for the provisional Climate Accounting and Audit assessment.[2] Our company failed to meet any of the seven assessment criteria. This exclusion of climate risks from our company’s financial reporting and audit “reduces an investor’s ability to make investment, engagement and voting decisions”

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