Share Action

Glencore resolution receives significant investor support

(Friday 26th May) Commenting on the result of a shareholder resolution at today's Glencore AGM, which saw global mining company Glencore forced to undertake a statutory investor consultation on their plans to align their business with the Paris Agreement, Simon Rawson, Deputy CEO of ShareAction, said:

"The scale of investor support for this resolution reflects the level of frustration at Glencore's inactivity over a number of years to set out a credible plan for their coal business that meets the ambitions of the Paris Agreement to urgently address global warming.

Instead of ignoring the realities of the damage coal is doing to our planet and its people, Glencore needs to meaningfully engage with their investor and civil society stakeholders who have driven this resolution, and deliver a robust plan showing how they will transition from a dirty past to a clean future."

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