Questions on dividend and appropriation of net income:
Last year you made use of short-time working, but now you want to distribute a dividend of 2.00 euros per share and thus 86 million euros in total. In your dividend policy, have you taken into account the current situation with regard to short-time working allowance, that this is currently de facto tax-financed and therefore more of a state aid in the Corona crisis than an insurance benefit?
In your annual report, you state that you have saved personnel costs of 33 million euros through short-time working. According to trade union information, unlike the majority of other companies in the sector, you have not topped up your employees’ short-time allowances.
Permanent link to this article: https://www.kritischeaktionaere.de/en/rheinmetall-en/controversial-arms-exports-climate-protection-and-dividends-despite-short-time-working-our-questions-to-rheinmetall/
Gunarti is a mother, grandmother and farmer, like her parents and grandparents. Gunarti (who, like many people on the Indonesian island of Java, has only one name) belongs to the Samin indigenous group and is a member of the Network of People who Care about the Kendeng Mountains (JMPPK). JMPPK has been campaigning for years for the preservation of the karst mountains, which with their underground watercourses are indispensable for local agriculture. The construction of cement factories in the Kendeng Mountains, planned among others by Indocement, the subsidiary of the German HeidelbergCement, would deprive the local smallholders of their livelihood.Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/heidelbergcement-en/talk-to-us-and-see-for-yourselves-letter-from-gunarti-to-the-shareholders-of-heidelbergcement/
From 2023, legislation will rule how BASF must meet its own human rights due diligence obligations. Would the Supply Chain Act have helped BASF respond more seriously to the apparent abuses at its then largest platinum supplier, Lonmin, after the Marikana massacre nine years ago? The answer to this question exposes the advantages, but also the shortcomings, of the bill currently being debated in German parliament.
By Tilman Massa, Ethical Shareholders Germany
German companies have had long enough to prove that they voluntarily comply with UN standards on respecting human rights in their supply chains. After it finally became clear last year that over 80 percent were not even close to doing so, the German government drew the consequences and cleared the way for a legal regulation. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/would-it-have-made-a-difference-marikana-basf-and-the-supply-chain-act/
Re agenda item 2: Adoption of a resolution on the appropriation of profit
The Association of Ethical Shareholders Germany proposes that the appropriation of profit proposed by the management be rejected.
It doesn’t add up: BASF is repeating last year’s record dividend, while further job cuts are planned worldwide, even at its headquarters in Ludwigshafen. Significantly more of the unappropriated profit should be used for a future-oriented and at the same time socially just realignment of BASF without job cuts. While employees and entire companies have to bear the burden of the Corona pandemic, BASF is even privatizing the resulting profits. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/missed-climate-targets-untrustworthy-control-our-countermotions/
The Association of Ethical Shareholders Germany moves that approval for the actions of the members of the Board of Management not be given.
Munich Reinsurance Company’s Board of Management is not sufficiently fulfilling its duty to take more effective action to protect the climate.
Loopholes for coal
Munich Re has stopped (re)insuring coal-fired power plants and mines since 2018, but only at the level of individual projects. Its coal exclusion does not apply to collective reinsurance arrangements, referred to as treaty reinsurance, in which entire books are reinsured. It therefore can still cover risks involving coal-fired power plants, mines or infrastructure. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/munich-re/countermotion-loopholes-for-coal/
Regarding Item 2 on the Agenda: Appropriation of distributable profit
RWE AG’s distributable profit for fiscal 2020 of 574,812,261.27 euros shall not be appropriated to pay a dividend (85 cents per dividend-bearing share).
RWE is sending out a fatal signal of disintegration while the coronavirus pandemic is imposing numerous restrictions on large parts of society and small businesses and self employed individuals are struggling to survive. Our shareholders shall get more money! Instead, RWE should limit the dividend to 10 cents per share and use the money freed up by this to establish a fund to cushion the effects of the coronavirus pandemic. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/rwe-en/countermotions-to-the-rwe-annual-general-meeting/
With regard to Agenda Item 2: Ratification of the actions of the members of the Board of Management
The Association of Ethical Shareholders Germany moves that the actions of the members of the Board of Management not be ratified.
The Board of Management of Bayer AG is not sufficiently fulfilling its responsibility to implement more effective climate protection measures and transparently comply with duty of care responsibilities with regard to human rights.
Climate protection challenges postponed for 10 years
It is commendable that Bayer has finally presented a plan for reducing its own direct greenhouse gas emissions (Scope 1 and 2) that appears to be compatible with the 1.5 degree goal of the Paris Climate Agreement. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/bayer-en/countermotion-2/
The Association of Ethical Shareholders proposes that the allocation of distributable profit as proposed by the management is to be rejected.
By increasing the dividend in the middle of the corona pandemic, Daimler AG is showing its ignorance of the mood of society as a whole. While the Group is receiving the short-time working allowance for some of its workforce, it is now paying out €1.35 per share instead of the 90 cents paid last year. Daimler employees, whose wages have been cut or who are threatened with dismissal due to the savings plan of Daimler CEO Ola Källenius, cannot understand why shareholders are to receive €1.4 billion. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/daimler-en/countermotions-3/
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