Countermotion on Agenda Item 3 (Resolution to approve the actions of the Board of Management):
The Association of Ethical Shareholders Germany proposes that the actions of the members of the Board of Management not be ratified.
Reasons:
Munich Reinsurance Company’s Board of Management continues to fail to sufficiently fulfil its responsibility to implement more effective measures for climate protection.
Munich Re has been warning of the catastrophic effects of the climate crisis and calling for countermeasures for almost 50 years. In its own business, however, the Group is too hesitant in its measures against the use of fossil fuels, even though they are the main cause of the climate crisis. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/munich-re/new-oil-and-gas-projects-shouldnt-be-insured-anymore-our-countermotion/
Re agenda item 3: Adoption of a resolution giving formal approval to the actions of the members of the Supervisory Board
The Association of Ethical Shareholders Germany proposes that the actions of the members of the Supervisory Board for the 2021 financial year not be approved.
Rationale:
The Supervisory Board is still unable to credibly fulfil its role as the controlling body of the Board of Executive Directors in order to supervise BASF’s realignment independently, critically and constructively.
Shareholders’ dissatisfaction with the Supervisory Board remains high: At the 2021 Annual Shareholders’ Meeting, almost 20 percent refused to approve the actions of the Supervisory Board under the new leadership of Dr. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/basf-se/deals-with-gazprom-dependence-on-fossil-gas-deficits-in-climate-protection-and-double-standards-regarding-pesticides-our-countermotions/
1) Fossil and nuclear fuel imports are the biggest source for financing Russia’s war against Ukraine, which includes uncounted war crimes like arbitrary shelling of civilian infrastructure, hospitals and nursery schools, the siege of entire cities and summary executions of civilians. Will Fortum and Uniper use their economic leverage and stop all imports of gas, coal and nuclear fuel from Russia immediately?
2) How much fossil or nuclear fuels did Fortum and Uniper import in 2021 from Russia? Who were the Russian counterparts? Please specify for gas, coal and nuclear fuels.
How much fossil or nuclear fuels did Fortum and Uniper import between January 1st of 2022 and February 23rd of 2022 from Russia? Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/fortum-en/fossil-fuels-from-russia-and-environmental-and-human-rights-due-diligence-our-questions-on-matters-to-be-considered-at-the-fortum-agm-2022/
Restricted right to speak and ask questions would create second-class shareholder meetings
Investors warn of negative consequences for shareholder engagement and fewer opportunities to exert influence for more sustainable business practices
Detailed statement with proposals for strengthening shareholder rights submitted
Berlin, Frankfurt am Main, Florence. The Association of Ethical Shareholders Germany, Shareholders for Change (SfC) and CRIC, an association promoting ethics and sustainability in investment, view the draft law of the Federal Ministry of Justice on virtual general meetings with concern. The three networks, which represent institutional investors and small shareholders, criticise the planned far-reaching restrictions on the right to speak and ask questions as counterproductive for a lively culture of debate. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/virtual-agms/draft-law-on-virtual-general-meetings-restricts-shareholders-rights/
Regarding Agenda Item 3: To ratify the acts of the members of the Executive Board
The Association of Ethical Shareholders Germany requests that the acts of the members of the Executive Board not be ratified.
Rationale:
The Executive Board of Siemens Energy AG is not living up to its responsibility to comply with the goals of the Paris Agreement because the company continues to participate in energy projects that are particularly harmful to the climate. It has no concrete plans to withdraw from all fossil energies.
Contract for a new coal-fired power plant is responsible for an abysmal climate footprint
Siemens Energy is actively involved in expanding the use of energies that are harmful to the climate. Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/siemens-energy-2/poor-climate-performance-due-to-supplies-to-coal-and-gas-projects-wind-farms-in-violation-of-international-law-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/
Protest at Siemens AGM 2020. Photo: SumOfUs/Zack Helwa CC BY 2.0
Regarding Agenda Item 3: To ratify the acts of the members of the Managing Board
The Association of Ethical Shareholders Germany requests that the acts of the members of the Managing Board not be ratified.
Rationale:
The Managing Board of Siemens AG declines to withdraw from financing fossil energy projects and is therefore not living up to its responsibility to comply with the targets defined in the Paris Agreement.
Rising emissions in the supply chain
The impact of Siemens’ economic activities on climate change does not come from the direct greenhouse gas emissions caused by Siemens, but mainly from upstream and downstream emissions in the value chain (Scope 3 emissions). Weiterlesen
Permanent link to this article: https://www.kritischeaktionaere.de/en/siemens-2/siemens-finances-new-fossil-fuel-projects-our-countermotion/
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/
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