Rio Tinto investors have voted against the company’s financial statements over a lack of clarity about climate change risks at the mining giant’s London annual general meeting.
“While Rio has increased its discussion of climate risks and made clear that its accounts are not 1.5C aligned, thereby providing welcome transparency, it does not provide disclosures on its quantitative assumptions, or visibility as to how it would be impacted if its own stated goal to be 1.5C-aligned were achieved,” Landell-Mills said.
Dan Gocher, ACCR director of climate and environment, said that as the company does not disclose the voting numbers from its London and Australian AGMs, it was difficult to tell the exact level of opposition. Glenn Walker, a senior campaigner with Greenpeace Australia, said it was “absolutely wild” that how investors voted was not publicly disclosed.
Source: Financial Digest (financialdigest.net)
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