Category: Aurubis

Our countermotions for the Aurubis Annual General Meeting on February 16, 2023

Countermotion regarding agenda item 2: Adoption of a resolution for the utilization of the unappropriated earnings

The recommended utilization of the unappropriated earnings should be rejected.

Reasoning:

When utilizing the unappropriated earnings, Aurubis AG has to take the harmful consequences of copper mining and copper production for people and the environment much more into account than in the past and urgently take remedial action.
In view of the German Act on Corporate Due Diligence Obligations in Supply Chains (LkSG) that entered into force on January 1, 2023, publicly known information about possible environmental and human rights violations take on a new relevance for all company shareholders. Weiterlesen

Agenda item 2: Adoption of a resolution for the utilization of the unappropriated earnings

The recommended utilization of the unappropriated earnings shall be rejected.
Reasoning: The utilization of the unappropriated earnings has to take the consequences of copper mining and copper production into account. Copper production pollutes the environment and harms the health of the population in mining regions and at the copper smelter sites. By forgoing a dividend, the shareholders can contribute to mitigating the ecological, health, and social damage brought on by copper production. Aurubis AG’s unappropriated earnings from the past fiscal year shall not be used to pay out a dividend of € 1.30 per no-par-value share (€ 56,756,739.00 in total). Weiterlesen