BP P.L.C. | Re-elect Helge Lund as Director at BP P.L.C.
How other organisations have declared their voting intentions
| Organisation name | Declared voting intentions | Rationale |
|---|---|---|
| Sampension Administrationsselskab A/S | Against | Unsatisfactory climate strategy. |
| LGPS Central | Against | In consideration to the company's climate governance. |
| AXA Investment Managers | Against | For equity holdings managed on behalf of clients who have received and consented to the application of the manager's internal proxy voting policy, granted AXA IM discretion to vote, and for whom the application of the policy is permitted by applicable law and regulation, AXA IM will vote against the Chair due to concerns about the revised climate strategy and the lack of a shareholder vote on this issue at the 2025 AGM. |
| KLP | Against | KLP will vote against incumbent board chair Helge Lund due to the fact that the company eliminated significant climate targets and made substantial changes to its business strategy without seeking shareholder approval. |
| LBPAM La Banque Postale Asset Management | Against | The company's environmental ambitions are not deemed to be sufficiently aligned with the objectives of the LBPAM Group's climate policies. |
| Robeco | Against | https://www.robeco.com/en-me/insights/2025/04/annual-general-mayhem-looking-ahead-to-a-lively-proxy-season |
| Border to Coast Pensions Partnership Limited | Against | https://www.bordertocoast.org.uk/news-insights/border-to-coast-outlines-votes-against-oil-and-gas-majors/ |
| Rathbones Group Plc | Against | Concerns that, for the second time in two years, the company had decided to make significant revisions to its short- and medium-term net zero ambitions without offering shareholders a say-on-climate vote. |
| MN | Against | At Capital Markets Day 2025 bp announced a strategic reset by reallocating capital expenditure to hydrocarbons and substantially decreasing spending for transition businesses. Furthermore, the company has retired its aims on transition growth engines, bringing renewables to FID and lower hydrocarbon production. This will result in a substantially lower carbon intensity reduction by 2030 of 8-10%, as opposed to 15-20%. bp has gone from being an industry leader in carbon reduction strategy to a laggard. We believe this warrants a vote against its most senior director who has oversight over bp’s strategy, Mr. Lund. |
| KBI Global Investors | Against |
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