Shareholder votes on pay are now a well-established feature of the governance landscape; similar votes on climate policy are becoming more widespread, reflecting investor, regulatory and company focus on establishing a credible pathway to Net Zero. As we head into the busiest part of the 2021 AGM season, climate resolutions are becoming a tool for both companies and regulators to sharpen that focus. Boards are now well sensitised to the importance – and challenge - of achieving alignment on remuneration. The credibility of the path to Net Zero is acquiring the same sensitivity and demanding Board attention. Indeed, at a recent Fidelio and Chapter Zero webinar the retiring Chair of SSE plc, Richard Gillingwater, spoke of the company’s recent announcement to seek shareholder approval for their climate action plan, as well of the importance of clear Board deliberation on this topic. In this Overture we explore key considerations for Board including:
Say on Pay
Increasing Scrutiny Drives “Say on Climate”
Climate Reporting – Preparing for the Future
Technical and Regulatory Uncertainty
Reporting Standards Still Emerging
Transforming the Corporate Response
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