Southern Company | Director votes - climate oversight at Southern Company

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
SO
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Director vote
Filer type
Management
Company sector
Utilities
Company HQ country
United States
Supporting materials
Whereas clause
Due to the company’s FAILURE to:
• Include its scope 3 greenhouse gas (GHG) emissions in its net zero by 2050 and medium-term targets,
• Align its operating and planned coal and fossil gas-fueled generation capacity with a Below 2°C Scenario or a 1.5°C scenario, and
• Commit to ensuring its lobbying and that of its member trade associations are in accord with the Paris Agreement;


Votes are recommended AGAINST:
• Thomas A. Fanning, Executive Chairman (Item 1d),
• David J. Grain, Lead Independent Director (Item 1e), and
• Dale E. Klein, Operations, Environmental and Safety Committee Chair (Item 1i).
Supporting statement
Majority Action is recommending investors vote against directors responsible for climate oversight, including board leadership, for failure to set adequate net zero targets reducing greenhouse gas emissions, fully realign investment plans to limit warming to 1.5°C, and/or ensure alignment of policy influence activities with 1.5°C pathways.

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