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AUM in Action

Scope 3 Reduction Support Slips at Shell AGM

Proxy results show receding commitment to cutting emissions, as investors told to “put their vote where their mouth is”.

Institutional investors have expressed concern over oil and gas firms’ lack of resolve to reduce environmentally harmful activities following shareholder vote results from Shell’s 2024 AGM this week. The AGM featured a proposal to align the company’s medium-term Scope 3 emissions targets with the Paris Agreement goal of limiting global…

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