SHELL PLC | Director votes at ROYAL DUTCH SHELL PLC

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
RDSB
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • GHG targets / emissions
Type of vote
Director vote
Filer type
Management
Company sector
Energy
Company HQ country
United Kingdom
Supporting statement
The Church of England Pensions Board has expressed their intention to vote AGANST proposals 4 through 15 at Shell's upcoming 2023 AGM.

" At Shell's 2021 AGM, we welcomed the progress that had been made, but clearly stated that we were prepared to sell our shareholding unless the company strengthened its targets in particular in the short and medium term. As we approach our July 2023 engagement deadline and the end of the first phase of Climate Action 100+ engagement, we have lost confidence in the direction of the company.

As such we will be voting against Shell’s Chair and Directors and the transition plan update, and voting for the Follow This shareholder resolution which calls for more ambitious targets. We do this with genuine regret at the short-term path the company appears to be choosing. But this is not just about Shell, BP and the other oil and gas companies."
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For more details, access the following: https://www.telegraph.co.uk/business/2023/05/09/why-the-church-of-england-is-taking-on-shell/
https://www.churchofengland.org/media-and-news/press-releases/church-commissioners-vote-against-directors-exxon-occidental-shell

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