Australia’s largest independent gas producer Woodside Petroleum will let shareholders vote on next year’s climate reporting, the company said on Friday. The vote for the 2022 climate change report will be non-binding and advisory, Woodside added, noting that it also opposed an amendment to its constitution for climate-related disclosures proposed under a resolution in the April 15 meeting.
Woodside said shareholders have many channels to express their views without revising its constitution. The company also promised it would discuss with shareholders about climate reporting ahead of the 2022 vote. It added that its reports were aligned with the suggestions from 31 members of the task force on climate-related financial disclosures.
Previously, the Australasian Centre for Corporate Responsibility (ACCR), which owns 0.01% of the company, proposed a change in Woodside’s constitution to include releasing an annual climate report from 2022. ACCR said it had withdrawn the proposal after Woodside announced it would allow shareholders to vote on next year’s climate reporting.
