Notable drop in European say-on-climate plans put to vote

Here’s the intro from this article by “IR Magazine”:

Just 17 European companies put their climate plans to a vote in 2023, a drop from 36 the previous year, according to new research.

The idea of putting a climate strategy up for shareholder approval – so called say-on-climate votes – emerged in 2020, with a number of companies offering investors the opportunity to vote on their forward-looking climate strategies across the following years.

The issue has since become somewhat divisive and it appears the trend reseeded last year, with just 17 such resolutions recorded in Europe, despite the region being typically more supportive of the idea. Across Europe, France, Spain and the UK lead the charge, according to Morrow Sodali’s latest analysis.