The non-binding resolution backed by 17 institutional investors calls for the French energy giant to reduce its indirect carbon emissions.
Investors including activist group Follow This filed a resolution to pressure TotalEnergies to vote for more ambitious emissions targets when the company holds its annual general meeting next month.
Specifically, it wants TotalEnergies to align its 2030 target for so-called Scope 3 emissions – those targets tied to the use of its products by its clients – in line with the 2015 Paris Climate Agreement, it said. The company’s AGM is scheduled on May 26.latest example of activist investors ratcheting up pressure for major oil companies to take a harder stance on curbing climate change
A resolution backed by Follow This and other investors got the support of almost 17 per cent of the French company’s shareholders in a vote at the 2020 AGM.
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