Institutional investors reject Sasol ’s climate plan
The six — Old Mutual, Sanlam, Abax Investments, Coronation, AEON Investment Management and Mergence Investment Managers — co-filed a shareholder resolution for the upcoming Sasol annual general meeting that will be held on November 27, “seeking greater transparency from the company on how its long-term greenhouse gas emission reduction strategy and executive rewards align with the Paris Climate Agreement.”
“This collaboration also marks the arrival of a new era of active ownership and responsible investment, and it is very encouraging to see the SA investor community demonstrate this kind of leadership,” she said.
This is not the first time Sasol shareholders published their concerns regarding the company’s long term plans to transition to a low carbon economy.
The investor group says it plans to engage with the Sasol board further regarding the company’s environmental disclosures in the coming months.Read more: Mail & Guardian
TBakerDavies Companies like Sasol are a liability looking at the data backed prediction of climate change related risks. Investors are rightfully risk averse. We recommend to pull out and invest in renewables. Huge growth, new jobs for all, little risk. Because we are still trying to make jobs for the Hungry marginalized , Paris and co are eating as we speak
Sasol just has to keep on producing fossil fuel and create more jobs for people and not worry about climate change
Sasol links exec pay to climate change targetsThe company will move to ensure accountability as it aims to reduce its carbon emissions Haha! Is this a joke?! It’s like linking Eskom exec pay to Moody’s upgrades. South Africa is a 3rd world country not 1st world?! What exec in their right mind will accept this remuneration policy with the ANC in charge?! Nothing like having a KPI you have zero control over! Wooohooo!!! Time to short this stock
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