Re Agenda Item 3: Ratification of the acts of management of the members of the Management Board for the 2021 financial year
The Association of Ethical Shareholders Germany proposes that ratification of the acts of management of the Management Board be refused.
Reasons: The Management Board of Deutsche Bank AG has failed to uphold its own commitment to comply with international climate targets and sustainable finance.
Lending to the coal industry continues
Despite the tightened 2020 framework for managing environmental and social risks and having signed the climate commitment of the German financial sector and the Net Zero Banking Alliance, Deutsche Bank is still a major lender to companies in the fuel industry. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/deutsche-bank/continued-funding-of-coal-illegal-mining-nuclear-weapons-our-countermotion/
Agenda item 3: Resolution on the discharge of the members of Uniper Management Board for financial year 2021
The Association of Ethical Shareholders Germany proposes not to discharge the members of the Board of Management.
Justification:
The Board of Management does not honor its responsibility for climate protection and the necessity to reduce dependance on fossil energy, most prominently natural gas from Russia.
Massive increase of CO2 emissions, no focus on renewable energies
The Uniper Board of Management has supported the massive dependence on fossil natural gas, most prominently also sourced from Russia. More than half of Uniper’s power generation in 2021 was based on fossil natural gas and oil, compared to 2020 Uniper needed 15% oil and gas. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/uniper-2/despite-the-ukraine-war-business-with-russia-continues-our-countermotions/
We, the undersigned organisations, welcome the European Commission’s proposalfor a new EU regulation on deforestation-free products. This proposal represents an essential step forward in global environmental governance and a huge opportunity to minimise the EU’s impacts on people and planet in line with its commitments on climate, biodiversity and human rights. It is now up to the European Parliament and Member States to preserve and improve the essential elements of the Commission’s proposal and deliver a strong and ambitious law that meets the high expectations of EU citizens. To that end, we call on the European Parliament and Member States to ensure the current proposal is strengthened to include:
Strong sustainability requirements based on objective criteria that ensure no goods linked to deforestation or forest degradation, as foreseen in the Commission’s proposal, but also to the conversion of other natural ecosystems or human rights violations, may be placed on or exported from the EU market.
Permanent link to this article: https://www.kritischeaktionaere.de/en/human-rights-due-diligence/civil-society-position-statement-on-the-proposed-eu-regulation-on-deforestation-free-products/
The publication of the International Energy Agency’s (IEA) Net Zero by 2050 Roadmap for the Global Energy Sector in May 2021 was a watershed moment for global climate action. The report maps out concrete milestones that need to be met to enable a 2050 world with net zero emissions and limit the global temperature rise to 1.5 °C.
The IEA report finds that in order to limit the global temperature increase to 1.5oC, we must ensure:
No investment in new fossil fuel supply beyond projects committed in 2021: As the Executive Director of the IEA stated: “there is no need for new oil, gas and coal development, which includes no need for oil and gas exploration investments.”
Permanent link to this article: https://www.kritischeaktionaere.de/en/greenwashing-en/open-letter-to-eu-institutions-on-the-iea-net-zero-report-and-the-implications-for-fossil-gas-in-the-eu-climate-taxonomy/
German corporations must demand that Russian extractive company Nornickel respect indigenous rights and environmental standards – or end business deals
After more than 21,000 tons of diesel leaked from a power plant tank in May 2020, causing the largest oil spill in the Russian Arctic to date, the company responsible, Nornickel (Norilsk Nickel), had to pay Russia’s highest fine to date.
In the satellite image, diesel oil spilled in the Ambarnaya River on May 31, 2020 is easily recognizable by its red color.
ESA, CC BY-SA IGO 3.0
But this is still a long way from repairing the damage, let alone addressing the causes. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/human-rights-due-diligence/nornickels-ruthless-business-model-and-the-responsibility-of-german-corporations/
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/
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
Permanent link to this article: https://www.kritischeaktionaere.de/en/aurubis-2/countermotions-2/
The Association of Ethical Shareholders Germany proposes that ratification of the acts of manage-ment of the Management Board be refused.
Reasons
The Management Board of Deutsche Bank has failed to adequately meet its responsibility to implement more effective measures to tackle climate change and satisfy its human rights due diligence It is not enough to merely formally commit to the objectives of the Paris Agreement on Climate Change, the UN’s 2030 Agenda for Sustainable Development and the UN Global Compact.
Disregard for UN principles for human rights due diligence
Deutsche Bank continues to fail to fully apply the UN Guiding Principles on Business and Human Rights (UNGPs) in its business conduct. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/deutsche-bank/support-for-climate-and-environmental-offenders-our-countermotion/
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