Shareholders highlight importance of climate change risks to business
ShareAction staff and a group of individual shareholders assembled outside BP’s Annual General Meeting this week in London, displaying a banner highlighting the risks of climate change to BP and calling on the company to “give climate change a seat at the table”.
The banner was designed to draw attention to the shareholder resolution on climate change to be discussed at the meeting. ShareAction brought together a coalition of individual shareholders to complement an effort by institutional investors, filing shareholder resolutions at BP and Shell this year, calling on the companies to disclose more information on the growing business risks associated with climate change.
ShareAction chief executive Catherine Howarth said: “BP's AGM is an important day for shareholder democracy. Dozens of small shareholders played a crucial role in filing this shareholder resolution, and thousands of pension savers have petitioned their schemes to vote in support. Climate change is everybody's business, and today proves it.”