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.

Due to the company’s FAILURE to:
● Commit to reducing its GHG emissions to net zero by 2050 without excessively relying on offsets and negative emissions,
● Align its future capital allocation with limiting warming to 1.5°C, and
● Commit to conduct all of its lobbying in line with the goals of the Paris Agreement, including aligning its industry association memberships and activity;


Vote are recommended AGAINST:
● Jack B. Moore, Chairman of the Board (95.62% FOR), and
● Andrew Gould, Chair of the Sustainability and Shareholder Engagement Committee (95.77% FOR).

For more details, acess: https://www.proxyvoting.majorityaction.us/
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The Church Commissioners, which manages the Church of England’s £10bn endowment fund, will vote against all directors at the upcoming AGM of Occidental in response to their failure to meet climate change objectives.

“High energy prices produced huge profits at oil and gas companies last year – a golden opportunity to invest very significantly in the transition to a low carbon economy, and one that was comprehensively missed,” said Olga Hancock, Acting Head of Responsible Investment at the Church Commissioners. “So we will be supporting all the relevant climate resolutions, and voting against all of their directors.”

For more details, access https://www.churchofengland.org/media-and-news/press-releases/church-commissioners-vote-against-directors-exxon-occidental-shell