Holcim AG | Advisory vote on Holcim’s Climate Report at Holcim Ltd

Status
89.85% votes in favour
AGM date
Previous AGM date
Proposal number
6
Resolution details
Submitted by
-
Resolution ask
Set targets or plans
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Other management proposal or proxy item
Filer type
Management
Company sector
Industrials
Company HQ country
Switzerland
Resolved clause
On behalf of the Board of Directors, the Chairman proposes under agenda item 6 approval of the Holcim Climate Report in an advisory vote. This is in line with Holcim's commitment to lead the industry in the transition to Net-Zero.
Supporting statement
The building sector has an essential role to play to accelerate our world’s transition to net zero. Leading the way in green construction, in 2020 Holcim was the first cement company to sign the “Business Ambition for 1.5°C” pledge with intermediate targets approved by the Science-Based Targets initiative (SBTi). As announced before COP26, Holcim is among the first companies worldwide to set 2050 net-zero targets, establishing a new milestone for its industry as the first with 2030 and 2050 net-zero targets validated by the SBTi and covering all three scopes of carbon emissions. To demonstrate its commitment, Holcim’s 2030 and 2025 targets are financially attached to sustainability-linked bonds. Holcim’s decarbonization roadmap is laid out in its Climate Report, and includes details such as the expected evolution of the clinker factor in the product portfolio, the development of its fuel mix, the contribution of alternative raw materials, power purchase agreements, waste heat recovery systems, and new technologies such as carbon capture, usage and storage beyond 2030. The Holcim Climate Report aims to further align with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, which we have supported since 2017. The Board of Directors believes that shareholders should have a say on climate-related matters and is seeking the support of shareholders on its Climate Report in an advisory vote.

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