These have since required BP to report detailed climate-related information to investors, such as its management of planet-heating emissions, low-carbon investments, public policy positions, how its strategy and capital expenditure align to UN climate goals and how executive pay is linked to progress.
Mark van Baal, founder of Follow This, said: “If BP would be reporting what is in the resolutions, why scrap them?”
He added that losing the requirement to disclose its Paris-aligned strategy would be “the most significant casualty”.
Elsewhere, the company said its annual report outlined how the board believes its strategy is consistent with the UN Paris Agreement goals, and it also unveiled its net zero strategy in 2020.
Celine Dion fans slam ‘shambolic’ presale for Paris comeback shows
What is Stiff Person Syndrome?
As Céline Dion announces her comeback
Celine Dion announces return to stage with 10 concerts in Paris
Rediscover your adventurous side on an exotic getaway
A spokesperson for the company said: “Following extensive engagement with our largest investors we are fully focused on building a simpler, stronger and more valuable BP.
“That’s why we are making these recommendations, to provide transparent, standardised disclosures that support clear comparisons across companies.”
However, Follow This said many requirements from the 2015 and 2019 resolutions are not included in current industry reporting frameworks or regulations set to come into force in the near future.
It comes as the latest development in a growing dispute after BP has refused to bring Follow This’s climate resolution to a vote at this month’s AGM .
The activist group said it is now considering legal action against the company.
Related Stories
Source: This article was originally published by Evening Standard
Read Full Original Article →
Comments (0)
No comments yet. Be the first to comment!
Leave a Comment