climate change

Paul Hennessy

Climate change has financial implications that are too big to ignore. Companies that do not anticipate regulatory developments may be at risk of a higher cost of capital, more expensive regulation or redundant assets. At Capital Group, we recognise that corporate decisions have the potential to cause harm to people... Show More

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Today's edition of the Daily AGM note is now available at this link https://subscriber.theexecutiveremunerationreporter.com.au/archives/15149 Rio Tinto's shareholders overwhelmingly voted in favour of the shareholder requisitioned resolution on climate change with more than 99% voting in favour of it across the plc and ltd AGMs. The note is updated continuously throughout... Show More

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Further to my original note on Rio Tinto's 2015 results, https://subscriber.theexecutiveremunerationreporter.com.au/archives/14462 Rio Tinto has released its 2015 Annual Report and AGM materials (plc 14 April; ltd 5 May). I take a look at the remuneration outcomes in this note. https://subscriber.theexecutiveremunerationreporter.com.au/archives/14701 I had some difficulty in reconciling the narrative disclosures to... Show More

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AGL Energy's 2015 AGM was today. All but the shareholder requisitioned resolution passed on polls with strong support. The resolution to amend the constitution to impose climate change disclosure obligations failed to pass with only 5.20% of votes for the amendment. This was always the likely outcome. As observed in... Show More

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In an earlier wire https://www.livewiremarkets.com/wires/28972 I noted Origin Energy's 2015 AGM agenda includes a shareholder resolution to amend the constitution to introduce new climate change reporting obligations on the company. I look at the company's reconciliation of its current disclosures to the disclosures sought by the resolution in the attached... Show More

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In an earlier wire on AGL Energy's upcoming 2015 AGM on 30 September 2015, https://www.livewiremarkets.com/wires/28893 I identified a shareholder requisitioned resolution seeking to insert climate change related disclosure obligations in the constitution. AGL Energy's announcement today of its signing onto the We Mean Business Coalition http://www.wemeanbusinesscoalition.org/ is a step in... Show More

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Origin Energy's 2015 AGM on Wednesday 21 October 2015 includes a section 249N requisition from a small group of shareholders proposing a resolution to amend the constitution to include a requirement for annual reporting relating to emissions management, generation portfolio resilience to IEA scenarios http://www.iea.org/publications/scenariosandprojections/ as well as information on... Show More