AG 2022 : première mi-temps alarmante pour le climat
Summary
Reclaim Finance reports a decline in shareholder support for ambitious climate resolutions and a contradictory tendency for investors to approve 'pseudo-climate plans' that are incompatible with a 1.5°C warming limit. The organization highlights specific voting trends at European oil and gas majors and calls for a shift toward voting against companies continuing fossil fuel development.
Key insights
- Support for ambitious shareholder resolutions demanding climate targets aligned with the Paris Agreement or a 1.5°C limit has decreased compared to 2021. For example, support for such a proposal at BP fell from 21% in 2021 to 15% in 2022, and at Equinor, it dropped from 39% in 2021 to 25% in 2022.
- Despite the lack of plans compatible with a 1.5°C limit, shareholders have overwhelmingly approved incomplete climate strategies. Specifically, 83% of Repsol shareholders and 88.5% of BP shareholders validated their respective climate plans, while 97% of Equinor shareholders approved its plan and 97% of ENGIE shareholders approved its strategy.
- There are emerging signs of investor resistance against climate inaction. Climate Action 100+ lead investors have publicly signaled intentions to vote against the climate plans of Equinor and TotalEnergies. Additionally, opposition to climate plans increased at Glencore (24% against in 2022 vs 6% in 2021) and reached a record rejection rate of 37% at Santos.
Cite the original document
- APA
- admin (2022). AG 2022 : première mi-temps alarmante pour le climat. Reclaim Finance. https://reclaimfinance.org/site/2022/05/19/ag-2022-premiere-mi-temps-alarmante-pour-le-climat/
- Chicago
- admin. AG 2022 : première mi-temps alarmante pour le climat. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/05/19/ag-2022-premiere-mi-temps-alarmante-pour-le-climat/.
- Wikipedia
- {{cite press release |last1=admin |title=AG 2022 : première mi-temps alarmante pour le climat |publisher=Reclaim Finance |date=19 May 2022 |url=https://reclaimfinance.org/site/2022/05/19/ag-2022-premiere-mi-temps-alarmante-pour-le-climat/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{admin20222022, author = {admin}, title = {{AG 2022 : première mi-temps alarmante pour le climat}}, publisher = {Reclaim Finance}, year = {2022}, month = may, url = {https://reclaimfinance.org/site/2022/05/19/ag-2022-premiere-mi-temps-alarmante-pour-le-climat/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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