Boardrooms around Australia will be noting what shareholders can do if you don’t take climate change issues seriously
‘While Mike Cannon-Brookes has succeeded in getting his board nominees elected, significant challenges remain for a further acceleration in coal closure.’‘While Mike Cannon-Brookes has succeeded in getting his board nominees elected, significant challenges remain for a further acceleration in coal closure.’Last modified on Thu 17 Nov 2022 03.40 GMTike Cannon-Brookes and his collaborators have succeeded in sending shock waves throughout the boardrooms of major companies around Australia.
Critically, board directors and chief executives of other major Australian companies can now see clearly that if they fail to take climate change issues seriously, they risk an investor backlash that could put them out of a job.Some environmentalists will still remain unsatisfied because AGL’s current climate transition plan is not consistent with an emissions reduction pathway to contain global warming to 1.5C.
The other issue is that there are genuine constraints and uncertainties surrounding the expansion of renewable energy in this country.
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