SHELL PLC | Adopt Scope 3 GHG Targets (1.5C Aligned) at Shell PLC
Status
Filed
AGM date
Previous AGM date
How other organisations have declared their voting intentions
Organisation name | Declared voting intentions | Rationale |
---|---|---|
Brunel Pension Partnership (BPP) | For | Rationale: Inadequate management of climate related risks. Shell's new target on scope 3 is not substantive given lack of coverage of their LNG business despite expansion plans There is a lack of clarity on how the company's targets are Paris aligned |
MN | For | We will vote FOR this advisory resolution, the responsibility for determining the strategy lies with the executive committee and the board of the company. The advisory resolution filed by 27 shareholders, supports our goal to align our portfolio with the Paris Climate Agreement. We share the company’s new ambition to lower scope 3 emissions from the oil products the company sells with 15-20% by 2030. However, the scope 3 reductions will be offset by growth in fossil LNG production of 20-30% by 2030. We do not believe this level of fossil LNG growth aligns with pathways to the Paris Climate Agreement. |
Degroof Petercam Asset Management (DPAM) | For | |
LBPAM La Banque Postale Asset Management | For |
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