AG 2022 : test décisif pour les Say on Climate

The document assesses the role of 'Say on Climate' resolutions in corporate governance, highlighting their utility for financial actors needing climate data to meet reporting requirements and net-zero commitments. While these non-prescriptive votes can rally more shareholders and avoid legal conflicts with board competencies, the author warns of significant greenwashing risks, citing TotalEnergies' 2021 AG where a deficient plan received 92% approval. To ensure credibility, the text urges shareholders to demand annual votes based on exhaustive criteria that allow for the evaluation of alignment with a 1.5°C trajectory and to vote against incomplete or non-aligned plans.

• The 'Say on Climate' mechanism is a non-prescriptive and consultative tool that allows shareholders to request exhaustive climate targets and information to judge a company's alignment with the Paris Agreement without infringing on the strategic powers of the board of directors.
• There is a high risk that 'Say on Climate' votes may be used for greenwashing due to a lack of standardized frameworks and the potential for shareholders to approve incomplete strategies to maintain an appearance of climate action.
• The 2021 Annual General Meeting of TotalEnergies serves as an example of the failure of these mechanisms, where a climate plan that was incomplete and not aligned with the Paris Agreement still received 92% of favorable votes.
• To ensure the credibility of 'Say on Climate' resolutions, shareholders should require annual votes on climate targets and their implementation, based on detailed information that enables an assessment of alignment with a 1.5°C trajectory.

APA

admin (2022). AG 2022 : test décisif pour les Say on Climate. Reclaim Finance. https://reclaimfinance.org/site/2022/02/10/ag-2022-test-decisif-pour-les-say-on-climate/

Chicago

admin. AG 2022 : test décisif pour les Say on Climate. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/02/10/ag-2022-test-decisif-pour-les-say-on-climate/.

Wikipedia

{{cite press release |last1=admin |title=AG 2022 : test décisif pour les Say on Climate |publisher=Reclaim Finance |date=10 February 2022 |url=https://reclaimfinance.org/site/2022/02/10/ag-2022-test-decisif-pour-les-say-on-climate/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin20222022, author = {admin}, title = {{AG 2022 : test décisif pour les Say on Climate}}, publisher = {Reclaim Finance}, year = {2022}, month = feb, url = {https://reclaimfinance.org/site/2022/02/10/ag-2022-test-decisif-pour-les-say-on-climate/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }