In just a few weeks, Shell's shareholders have the chance to live up to the company’s commitment to a sustainable energy transition. An executive pay policy up for extension through 2020 binds the company to a model that rewards pollution.
The policy links executive bonuses to climate change-causing metrics like gas and oil production. In other words, the more executives pollute, the more they get paid! The policy contradict Shell’s promise to live up to the Paris climate agreement and fails to protect the long-term interests of shareholders.
Shell shareholders have the chance to make sure Shell takes meaningful climate action. That’s why we’re coming together in advance of Shell’s AGM to urge shareholders to vote against an executive pay policy that makes pollution a metric of “success”.
Tell Shell shareholders to vote against an executive pay policy that rewards pollution.
In order to literally save the planet, climate change action needs to happen NOW. But Shell’s executive pay policy binds the company to a pollution-heavy model through 2020. That’s the last year global carbon emissions could peak while maintaining the Paris agreement’s goal of keeping global temperature rises below 2 degrees Celsius.
Together we’ve shown that when concerned consumers and shareholders come together, we have the power to shift even the largest corporate polluters. Hundreds and thousands came together asking the largest world's polluters to take meaningful climate action at the Paris Climate Conference a little over a year ago. The result was an historic agreement that now dictates we stop depending on fossil fuels by 2010. Now, we need to turn our focus to Shell, and encourage shareholders to chart a path towards sustainable energy by taking the fight within.
Call on Shell shareholders to reject a proposal to link executive compensation to climate change-causing metrics.