BP Shareholder Resolution – co-filing group
Global investors are calling on BP to set out a business strategy that is consistent with the goals of the Paris Agreement on climate change. The resolution has been initiated, or ‘co-filed’, by investors acting as part of Climate Action 100+. This is an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
The 58 investors co-filing own just under 10% of the company’s voting shares between them – equivalent to a £11 billion holding in the company.This marks a new global best for the level of support a shareholder resolution on climate change has received.
The Net Zero Investment Framework: Supplementary Target Setting Guidance