(Reuters) -An active investor opposes the election of managers at the upcoming annual Australian Energy Energy Energy Energy Energy meeting, citing the returns and failure of the company to manage climate risk.
The Australian Center for Companies Liability (ACCR) said on Thursday that Woodside continues to follow a high -cost and high -value strategy with low value that led to its weak financial performance.
The active investor said that the total number of shareholders in Woodside over the past fifteen years has been 168 % less than ASX100 and 83 % less than MSCI global energy, indicating twice the great performance against both local and global markets.
Accor said that the company failed to respond to investor comments on climate risk management with 58 % of shareholders vote against climate transmission plan in 2024, which represents the world’s first vote against the company’s climate plan.
The active investor recommends voting against the Woodsid Ann Picard managers, Chairman of the Sustainability Committee; Ben White, the current head of the audit and risk committee; Tony O’Neil, a member of the sustainability committee.
A company spokesman said in an email reaction to Reuters, that Woodside is reviewing the statement of the activist group member.
“We consider our shareholders’ views as part of our decision -making. ”
(Participated in the coverage of Adwitiya Srivastava and Sneha Kumar in Bangaluru, edited by Mohamed Safi Shamsi and Megank Danfala)
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