Candriam will vote in favour of the “Follow This” resolution, which calls on oil company Shell to set long-term targets towards a zero-emission energy system. The resolution is one of the items on the agenda of Shell’s Annual General Meeting of Shareholders on May 22.
Isabelle Cabie, Global Head of Responsible Development at Candriam: “As a responsible asset manager, we firmly believe in dialogue for more sustainable corporate behaviour. A large share of our engagement revolves around energy transition. We support this resolution because it acknowledges the challenges of a low-carbon trajectory and the ambition of Shell, but also urges the company to set and publish targets aligned with the Paris Climate Agreement and the global energy transition.”
Candriam, an engaged investor - 2017 Review