Investors call out “climate hypocrisy”

Shareholders have attached miner BHP for its “hypocritical” stance on climate policy at the company’s AGM.

100 Australian shareholders filed a resolution requesting the board review its spending on memberships of industry groups, including trade associations, that do not align with the company’s industry-leading climate policies.

Led by the Australasian Centre for Corporate Responsibility (ACCR) the shareholders have proposed that BHP withdraw from these groups where positions clash.

However the firm has not responded, despite the firm’s supportive positions on the Paris Agreement, carbon pricing and the clean energy transition.

ClientEarth lawyer Daniel Wiseman attended the AGM and read a statement prepared by ACCR, which assisted the shareholders to prepare and file the resolution. The firm made no concrete affirmation that lobby group funding would be withdrawn, but referenced its ongoing review of membership to groups like the MCA.

Votes for and against the resolution will be revealed after the Melbourne AGM next month.

    Share Story:

Recent Stories