ABP wants Shell management to be judged on its climate ambitions
Amsterdam, 22 May 2018 – ABP pension fund abstained from voting on the ‘Follow This’ resolution at the shareholders’ meeting of Shell on Tuesday, 22 May. Shell tabled a plan in November 2017 aimed at meeting the targets of the Paris Accord. No other oil companies have yet expressed any such similar ambition. ABP thinks it is still too premature to require Shell to review its ambition, as requested by the resolution. According to ABP, it is more important for Shell to make immediate progress towards achieving its climate ambitions. ABP therefore wants Shell to start assessing and judging senior management based on the achievement of these targets.