COMPAGNIE DE SAINT-GOBAIN S.A. | Approval of company's 2022 consolidated financial statements

Status
99.79% votes in favour
AGM date
Proposal number
2
Resolution details
Company ticker
SGO
Submitted by
-
Resolution ask
Set targets or plans
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Accounts/reports, auditor appointment or ratification
Filer type
Management
Company sector
Industrials
Company HQ country
France
Supporting statement
Despite a long period of engagement by CA100+ with clearly articulated expectations, which are also laid out in the Net Zero Benchmark, Saint-Gobain has shown very little progress to meet investor expectations on responsible climate lobbying articulated in the global standard (Global Standard on Responsible Climate Lobbying https://climate-lobbying.com/)
A core action is to publish an industry association review. 57% of European companies targeted by CA100+ have published at least one industry association review to date, including Saint-Gobain's peers Heidelberg Cement, Holcim and CRH. (Source: https://ca100.influencemap.org/lobbying-disclosures)
Saint-Gobain fails to meet any of the criteria regarding Climate Policy Engagement (Ind 7) of the CA100+ Net Zero Benchmark. (Source:https://www.climateaction100.org/company/saint-gobain/)
Since the AGM agenda items do not allow shareholders to indicate dissatisfaction with a relevant director, such as the chairman or head of the relevant board committee, AP7 will be voting against items 1 and 2 on the agenda.

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