As a global asset manager committed to a just energy transition, Amundi presents a review of its voting and engagement practices on Say on Climate resolutions for 2022. In accordance with its policy of transparency in voting, Amundi already discloses each of its individual votes one month after the General Meeting concerned.
Despite commitments made by governments and companies, our economy is still not aligned with a global warming scenario limited to 1.5°C by 2050 (“Net Zero”). Successfully decarbonising our economy requires a real industrial revolution that can only be achieved if the key players – governments, businesses and the wider financial system – are aligned. Governments must redefine public, industrial and fiscal policies and coherent regulations, while businesses must develop the necessary technological solutions, and the financial system must support companies by allocating the capital required to achieve these objectives.
As a global asset manager committed to a just energy transition, Amundi presents a review of its voting and engagement practices on Say on Climate resolutions for 2022. In accordance with its policy of transparency in voting, Amundi already discloses each of its individual votes one month after the General Meeting concerned.
Despite commitments made by governments and companies, our economy is still not aligned with a global warming scenario limited to 1.5°C by 2050 (“Net Zero”). Successfully decarbonising our economy requires a real industrial revolution that can only be achieved if the key players – governments, businesses and the wider financial system – are aligned. Governments must redefine public, industrial and fiscal policies and coherent regulations, while businesses must develop the necessary technological solutions, and the financial system must support companies by allocating the capital required to achieve these objectives.
Amundi’s vote on oil companies’ Say on Climate resolutions in 2022:
| COMPANY | VOTE |
|---|---|
| Santos Limited | Against |
| Repsol SA | For |
| Equinor ASA | Against |
| BP Plc | For |
| Woodside Petroleum Ltd. | Against |
| Shell Plc | Against |
| Total Energies SE | For |
Note: the companies listed here are those that tabled a Say on Climate resolution and which compare to the more than 1,000 companies in the energy sector (oil and gas) worldwide.
1 Companies classified as “oil, gas and consumable fuels” under the Global Industry Classification Standard (GICS) classification
