Shell Faces Criticism On Climate Change Initiatives: Report
Portfolio Pulse from Akanksha Bakshi
Shell faces criticism at its annual shareholder meeting as activist investor group Follow This tables a resolution urging the company to match its climate goals with the Paris Agreement and commit to 100% reductions in carbon emissions by 2030. Shell advises shareholders to reject the proposal, stating it is unclear and generic.
May 23, 2023 | 2:40 pm
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NEUTRAL IMPACT
Shell faces criticism from activist investor group Follow This, which urges the company to commit to 100% carbon emission reductions by 2030. Shell advises shareholders to reject the proposal.
The news of Shell facing criticism from activist investors may cause some short-term volatility in the stock price, but it is unlikely to have a significant impact on the company's overall performance. Shell has already advised shareholders to reject the proposal, and the company's strong financial performance in 1Q23 may help mitigate any negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100