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Proxy season

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If you have any questions or additions please contact IIGCC's representative for the relevant initiative: CA100@iigcc.org, NZEI@iigcc.org, natureaction100@iigcc.org, deforestation@iigcc.org, BERI@iigcc.org.

2026 company memos

For the 2026 proxy season, IIGCC will produce 14 company-specific memos for IIGCC members, assessing climate transition plans. For the first time, these company memos will also incorporate nature-related metrics for companies in the mining and food & agriculture sectors.

Companies have been selected based on the expressed interest of IIGCC members. Those with climate transition plan votes or relevant climate- or nature-related shareholder resolutions have been prioritised, with the remaining companies selected by a member survey.

Company Sector Memo (or expected release date) AGM date
Nestlé Food & Agriculture Transition plan assessment 16 April 2026
BP Oil & Gas Transition plan assessment 23 April 2026
Danone Food & Agriculture Transition plan assessment 23 April 2026
Rio Tinto Mining Transition plan assessment 06 May 2026
L'Air Liquide Chemicals Transition plan assessment 05 May 2026

Schneider Electric

Other Industrials Transition plan assessment 07 May 2026
Equinor Oil & Gas Transition plan assessment 12 May 2026
Shell Oil & Gas Transition plan assessment 19 May 2026
Glencore Mining Transition plan assessment 28 May 2026
TotalEnergies Oil & Gas Transition plan assessment 29 May 2026
Iberdrola Utilities Transition plan assessment 29 May 2026
Linde Chemicals 02 July 2026 28 July 2026 (Estimated)
BHP Group Mining 03 September 2026 23 October 2026 (Estimated)

2026 upcoming resolutions

The table below shows proxy season activity at member focus companies across the five key engagement platforms: Banks Engagement and Research Initiative; Climate Action 100+; Deforestation Investor Group; Nature Action 100 and the Net Zero Engagement Initiative. It highlights relevant shareholder and management resolutions at these companies, and links to IIGCC member-only memos where available.

This table will be updated regularly throughout the 2026 proxy season to show available memos and forthcoming shareholder meetings. Information regarding previous AGMs will be moved to the 'Past AGMs 2026' table at the bottom of the page.

Company Sector Initiative AGM date Resolution Resolution type Supporting materials Company memos (where available)
HSBC Banks BERI 08 May 2026 Director re-election/reappointment Management Resolution Church of England Pensions Board pre-declaration of vote on directors
HSBC Banks BERI 08 May 2026 Resolution #16: ESG & Fairness Resolution (Environmental, Social & Governance policy) Shareholder Resolution
Equinor Oil & Gas Climate Action 100+ 12 May 2026 Item #8: Strategy disclosure for declining oil and gas demand Shareholder Resolution

FollowThis, West Yorkshire Pension Fund, Mercy Investment Services and Ofi Invest Asset Management proposed resolution

Carbon Tracker Briefing

Transition plan assessment
Holcim Cement Climate Action 100+ 13 May 2026 Item #1.3: Approval of the sustainability statement Management Resolution 
Shell Oil & Gas Climate Action 100+ 19 May 2026 Strategy disclosure for declining oil and gas demand Shareholder Resolution FollowThis Statement, Ethos Statement Transition plan assessment
Elecnor Industrials NZEI 27 May 2026 Resolution #2: Examination and approval of Sustainability Information Management Resolution 
Glencore Mining Climate Action 100+ 28 May 2026 Transition plan assessment
Iberdrola Utilities Climate Action 100+ 29 May 2026 Item #3: Statement of non-financial information - Sustainability Report 2025 Management Resolution Iberdrola, 2026 Integrated Report Transition plan assessment
TotalEnergies Oil & Gas Climate Action 100+ 29 May 2026 Transition plan assessment
Linde Plc Chemicals NZEI 28 July 2026 (Estimated) Report on Alignment of Renewable Energy Goals Shareholder Resolution As You Sow resolution text on ICCR website

Past AGMs 2026

Company Initiative AGM Date Resolution Resolution  Type Supporting Materials Status Memos
(IIGCC members only)
Enagás  NZEI 26 March 2026 Item 2 - Non-Financial Information Statement  Management Resolution 

Non-Financial Information Statement 

For 98,64%, Against 0.21%, Abstain 1.14%

 
Volvo AB  Climate Action 100+  08 April 2026  Resolution #20: Disclosure of climate-related policy engagement Shareholder Resolution 

Filing statement from AkademikerPension

Pre-declaration by Church of England PB

InfluenceMap Resolution Briefing

 

Vote results not disclosed, Company only states the proposal was not approved. 

AGM question from Investor

 

Transition plan assessment 
Royal Bank of Canada (RBC)  BERI   09 April 2026  Shareholder proposal #4: Strategic Diversification of Skills on the Board of Directors (pages 105-106)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 9.72%, Against 90.28%  
Royal Bank of Canada (RBC)  BERI  09 April 2026  Shareholder proposal #5: Formal Recognition of the Systemic Role of the Board of Directors (pages 106-107)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 7.57%, Against 92.43%  
Royal Bank of Canada (RBC)  BERI  09 April 2026  Shareholder proposal #5: Formal Recognition of the Systemic Role of the Board of Directors (pages 106-107)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 16.19%, Against 83.81%  
Scotiabank (Bank of Nova Scotia)  BERI 14 April 2026   Shareholder proposal #4: Strategic Diversification of Skills on the Board of Directors (pages 124-125) Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 9.89%, Against 90.11%  
Scotiabank (Bank of Nova Scotia)  BERI  14 April 2026  Shareholder proposal #5: Formal Recognition of the Systemic Role of the Board of Directors (pages 126-127)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 7.96%, Against 92.04%  
Scotiabank (Bank of Nova Scotia)  BERI  14 April 2026  Shareholder proposal #8: Annual Advisory Vote on Environmental Policies (pages 131-133)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 17.01%, Against 82.99%  
Bank of Montreal  BERI  15 April 2026  Disclose client climate transition status and plan  Shareholder Resolution - Withdrawn   Posted by, and filed by Æquo Shareholder Engagement Services inc.   Withdrawn   
Bank of Montreal  BERI  15 April 2026  Shareholder proposal #4: Strategic Diversification of Skills on the Board of Directors (page 97)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 8.85%, Against 91.15%  
Bank of Montreal  BERI  15 April 2026  Shareholder proposal #5: Formal Recognition of the Systemic Role of the Board of Directors (page 98)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 6.67%, Against 93.33%   
Bank of Montreal  BERI  15 April 2026  Shareholder proposal #8: Annual Advisory Vote on Environmental Policies (pages 101)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 13.80%, Against 86.20%  
UBS BERI 15 April 2026   Item #3: Advisory vote on the UBS Group AG Sustainability Report 2024   Management Resolution   UBS shareholder information  Yes 89.23%, No 9.60%, Abstain 1.17%  
Canadian Imperial Bank of Commerce (CIBC)  BERI   16 April 2026  Shareholder proposal #4: Strategic Diversification of Skills on the Board of Directors (pages 106-107) Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC) - Pending  For 11.5%, Against 88.5%, Abstain 0.46%  
Canadian Imperial Bank of Commerce (CIBC)  BERI   16 April 2026  Shareholder proposal #5: Formal Recognition of the Systemic Role of the Board of Directors (pages 107-108)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC) - Pending  For 8.80%, Against 91.20%, Abstain 0.85%  
Canadian Imperial Bank of Commerce (CIBC)  BERI   16 April 2026  Shareholder proposal #7: Annual Advisory Vote on Environmental Policies (pages 109-110)  Shareholder Resolution  Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC) - Pending  For 17.84%, Against 82.16%, Abstain 5.59%  
Petróleo Brasileiro S.A. (Petrobras)  Climate Action 100+   16 April 2026  Item V - Election of eleven members to the Board of Directors  Management Resolution   

Robeco has jointly nominated an independent director (Mauro Gentile Rodrigues da Cunha) to the Board of Petronas (page 57);

Robeco Pre-declaration

Eight directors elected from 11 standing. To be elected, at least 5,078,727,488 votes required and Mauro Cunha did not secure enough votes (3,738,034,416 for)  
Toronto-Dominion Bank   BERI  16 April 2026  Shareholder proposal #4: Strategic Diversification of Skills on the Board of Directors (pages 137-138) Shareholder Resolution   Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 8.4%, Against 91.6%  
Toronto-Dominion Bank   BERI  16 April 2026  Shareholder proposal #5: Formal Recognition of the Systemic Role of the Board of Directors (pages 139-141)  Shareholder Resolution   Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 6.4%, Against 93.6%  
Toronto-Dominion Bank   BERI  16 April 2026  Shareholder proposal #9: Annual Advisory Vote on Environmental Policies (pages 146-148)  Shareholder Resolution   Posting by co-filer Mouvement d'éducation et de défense des actionnaires (MÉDAC)  For 14.7%, Against 85.3%  
Lindt & Sprüngli   NZEI  16 April 2026  Item #3: Non-Financial Information Statement  Management Resolution       92.6% Yes, 4.89% No, 2.45% Abstain  
BP Climate Action 100+ 23 April 2026   Resolution #4: Re-election of Chair Albert Manifold Management Resolution Pre-declaration of voting intentions on Chair by:

Candriam

LAPFF

L&G

Railpen

Robeco

For 81.77%, Against 18.23% Transition plan assessment
BP Climate Action 100+  23 April 2026    Resolution #23: Revocation of resolution 25 (2015) and resolution 22 (2019), related to BP's climate-related disclosures Management Resolution Vote pre-declarations by:

Candriam

L&G

For 47.47%, Against 52.53% Transition plan assessment
BP Climate Action 100+  23 April 2026    Resolution #24: Upstream capital expenditure disclosures Shareholder Resolution ACCR Statement (Includes member statements)

ACCR’s dedicated webinar

Investor pre-declarations on resolution 24:

Candriam

Ethos Foundation

LAPFF

L&G

Robeco

For 25.85%, Against 74.15% Transition plan assessment
BP Climate Action 100+ 23 April 2026    Disallowed resolution on strategy disclosure for declining oil and gas demand Shareholder Resolution (Disallowed) April 2026 letter from 12 co-filers;

April statement from L&G;

March 2026 statement from Ethos Foundation

Pending outcome Transition plan assessment
Endesa NZEI 28 April 2026  Item #3: Non-Financial Information and Sustainability Information Management Resolution   For 96.94%, Against 0.011%, Abstain 1.68%  
Anglo American Climate Action 100+ 29 April 2026 Resolution #17: 2026–2028 Transition Plan Management Resolution Anglo American Climate Transition Plan 2026-2028 For 96.33 %, Against 3.67%, (Withheld ~5.5% of share capital)  
Eni Climate Action 100+ 06 May 2026      Carbon Tracker Briefing    
Schneider Electric NZEI   07 May 2026  Resolution #15: Opinion on the Company climate strategy Management Resolution AGM questions on climate (17+) (French only) Pending Transition plan assessment
DSM-Firmenich  NZEI & Nature Action 100 07 May 2026 Item #1.2: Approval of Sustainability Statements 2025 Management Resolution   Pending  

 


Disclaimer

All presentations, meetings, communications and initiatives undertaken by IIGCC are designed solely to support investors in understanding risks and opportunities associated with climate change and take action to address them. Our work is conducted in accordance with all the relevant laws, including data protection, competition laws and acting in concert rules. It is a foundational principle of how IIGCC and its members work together that the choice to adopt guidance, best practice tools or tactics prepared by IIGCC is always at the ultimate discretion of individual members based on their own decision making. IIGCC do not require or seek collective decision-making or action with respect to acquiring, holding, disposing and/or voting of securities. Members are independent fiduciaries responsible for their own investment and voting decisions and must always act completely independently to set their own strategies, policies and practices based on their own best interests. Any decision to take action with respect to the development of stewardship strategies and net zero voting policies and practices, as well as the acquiring, holding, disposing and/or voting of securities, is at that organisations’ sole discretion, made in its individual capacity and subject always to the legal and regulatory framework to which it is subject.

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