Majority of Boeing Shareholders Back ‘Say on Climate’ Vote

During Boeing’s AGM on Tuesday, 91% of shareholders supported a ‘Say on Climate’ resolution which called for the aerospace manufacturer to outline how its net zero target and interim decarbonisation goals are aligned with keeping climate change to 1.5°C. It was filed by US-based shareholder advocacy non-profit As You Sow. Despite Boeing’s claim in December that it had achieved net zero emissions across its manufacturing and work sites by “expanding conservation and renewable energy use while tapping responsible offsets for the remaining greenhouse gas emissions”, investors have been dissatisfied with the company’s net zero commitment, noting that it only covers Scope 1 and 2. Boeing has also been identified as a priority company by the Climate Action 100+ initiative, an investor coalition engaging with companies on their net zero transition plans. “We are thrilled that management supports reporting on how Boeing’s products will meet the 1.5°C global climate goal,” said Danielle Fugere, President of As You Sow. “To maintain a thriving and functioning economy, shareholders are looking toward companies like Boeing to demonstrate leadership in setting climate goals — then starting the work of reducing their full range of greenhouse gas emissions to net zero by 2050.”

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