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Shareholders at US Defence Firms Vote on Climate

Resolutions calling for climate transition plans filed at major defence contractors Lockheed Martin and Raytheon both received support from over 30% of shareholders. Filed by US shareholder advocacy group As You Sow, the resolutions asked both companies to disclose their climate transition plans, ensuring that they are aligned with the Paris Agreement. Currently, each company’s climate goals cover 10% of their emissions, As You Sow said. The resolution filed at Lockheed Martin secured 35% of the vote, whereas the resolution filed at Raytheon secured 37% of the vote. “The results of these shareholder votes underscore that investors want to see their companies address climate-related risks and take advantage of climate-related innovations and opportunities,” said Diana Myers, Climate Initiative Senior Associate at As You Sow. “Companies must incorporate all sources of material emissions into transition planning to ensure emissions are adequately managed now and into the future. Ignoring major components of emissions may leave the company vulnerable to unaccounted climate risks.” 

 

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