Global miner Glencore faces increased pressure to clarify how it will manage its climate change commitments after investors holding more than $500 billion in assets backed a shareholder resolution to be voted on next month
faces increased pressure to clarify how it will manage its climate change commitments after investors holding more than $500 billion in assets backed a shareholder resolution to be voted on next month.
Those concerns were not adequately addressed in Glencore's March climate report, according to the statement. At the 2022 AGM, nearly a quarter of shareholders rejected Glencore's climate plan. Shipra Gupta, Investments Stewardship Lead at Scottish Widows, said the asset manager would support the latest shareholder resolution at the annual general meeting on May 26 in Zug, Switzerland.
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