WEC ENERGY GROUP, INC. | Director votes - climate oversight at WEC ENERGY GROUP, INC.

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
WEC
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Director vote
Filer type
Management
Company sector
Utilities
Company HQ country
United States
Whereas clause
Majority Action is recommending investors vote AGAINST:

● Executive Chair, Gale Klappa (Item 1.07),
● Independent Lead Director, William M. Farrow III (Item 1.04), and
● Audit and Oversight Committee Chair, Danny L. Cunningham (Item 1.03).
Supporting statement
Majority Action is recommending investors vote against directors of WEC Energy Group, Inc. due to the company’s FAILURE to:

● Include scope 3 greenhouse gas (GHG) emissions in its net zero ambition and medium-term targets
● Align its operating and planned coal and fossil gas-fueled generation capacity with a Below 2°C Scenario or a 1.5°C scenario, and
● Make a specific commitment to ensure its trade associations lobby in accordance with the Paris Agreement and refrain from taking negative positions on U.S. climate change policy;

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