CHEVRON CORPORATION | Director votes - climate oversight at CHEVRON CORPORATION
Previous AGM date
How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|CoreCommodity Management, LLC||Against|
|EFG Asset Management||Against||A vote AGAINST all director nominees is warranted as a signal to the board that stronger independent oversight
and board management of climate risks at the company are necessary. Additionally, the company is not aligned
with investor expectations on Net Zero by 2050 targets and commitments.
Further, the company is involved in serious climate-related controversies. This reflects a failure by the board to
effectively manage climate-related transitional and physical risks and to mitigate its climate change impact. A
vote AGAINST the incumbent board chair, Michael (Mike) Wirth, who shoulders the greatest responsibility
amongst the board members for failing to proficiently guard against and manage material ESG risks for the
company and its shareholders is warranted.
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