Equinor asa | Approval of 2022 annual report and accounts at Equinor ASA

Status
99.61% votes in favour
AGM date
Previous AGM date
Proposal number
6
Resolution details
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • GHG targets / emissions
Type of vote
Accounts/reports, auditor appointment or ratification
Filer type
Management
Company sector
Energy
Company HQ country
Norway
Supporting materials
  • Sarasin & Partners LLP_Memo_Equinor ASA_2023.pdf Download
Resolved clause
Sarasin & Partners has expressed their intention to vote AGAINST this proposal at Equinor ASA's upcoming 2023 AGM.

"While we welcome increased disclosures in the financial statements, key assumptions on asset lives, production forecasts and cost of capital remain optimistic. Planned carbon capture and storage seems to be unaccounted for, while asset retirement obligations are presumed to be a distant concern. We believe Equinor’s accounts fail to provide a reliable view of the climate risks embedded in the business, providing cover for continued climate harm."

Declaration of vote intentions by Sarasin & Partners is outlined here: https://sarasinandpartners.com/stewardship-post/equinors-2023-agm-how-we-are-voting-for-net-zero/

Full memo is attached.

How other organisations have declared their voting intentions

Organisation nameDeclared voting intentionsRationale
CoreCommodity Management, LLCFor

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