Woodside Shareholders Target Directors Over Climate Disclosure - Bloomberg Law

Woodside Shareholders Target Directors Over Climate Disclosure

Some Woodside Energy Group Ltd. shareholders are trying to circumvent the Australian company’s refusal to include their statements targeting directors in its annual general meeting notice.

The uprising mirrors similar battles across the world, as energy companies seek to balance demands for urgent climate action when their prime activities are both highly carbon intensive and essential to modern economies. In Woodside’s case, shareholders are demanding that three directors “be held to account for the board’s repeated failure to present a credible climate strategy,” according to statements signed by more than 100 shareholders.

Two institutional investors, Vision Super and Betashares, and ...