News

Aena To Be First Company To Give Shareholders Annual Vote On Climate Strategy

Oct 26, 2020

Aena is set to become the first company in the world to give shareholders an annual vote on their climate strategy.

Maurici Lucena Betriu, chairman and chief executive of Aena, said that following discussions with TCI’s founder, the airport group had developed an ambitious climate transition plan and was happy to give shareholders a yearly say on it.

“I am very convinced about the solidity of the plan and the ambition. I am also convinced it is a manageable plan,” he said “There will be no trade-off between climate protection and overall profitability.” He added: “We are well aware of the growing importance of this issue [climate change] everywhere, but particularly in the air transport sector.”

Under this new plan, Aena, which oversees Madrid-Barajas and Palma de Mallorca airports, will generate all of its energy from renewable sources by 2026.

Sir Christopher, who sits on Aena’s board, said Aena’s company’s climate plan was excellent and welcomed the annual vote shareholders will have on it.

“This accountability mechanism is essential for ensuring that companies take the climate issue seriously and are both transparent and accountable to shareholders for their climate plans,” he told the Financial Times. The vote is akin to the advisory so-called say on pay votes held at shareholder meetings in the UK and US.

 

 

Latest news

The Fossil Fuel Industry Knows How To Stop Global Warming, But Why Don’t They? – Myles Allen
The Fossil Fuel Industry Knows How To Stop Global Warming, But Why Don’t They? – Myles Allen

Oxford University climate science scholar Myles Allen presented this Ted Talk at Countdown: a global initiative to accelerate solutions to the climate crisis. The fossil fuel industry knows how to stop global warming, but they’re waiting ... Read more

Client Earth Publishes New ‘Principles For Paris-Alignment’
Client Earth Publishes New ‘Principles For Paris-Alignment’

Environmental law firm ClientEarth has laid down a set of ground rules for corporate net zero pledges, in a bid to ensure the growing number of climate promises being touted by the private sector are effective in their stated aim of reducing ... Read more

New Research Uncovers Barriers For Irish Business On Decarbonisation Journey
New Research Uncovers Barriers For Irish Business On Decarbonisation Journey

New research on the readiness of businesses in Ireland to fully reduce their carbon emissions shows that including Scope 3 emissions in a company’s footprint assessment is proving a difficult task, Business in the Community Ireland (BITCI), the ... Read more

See more news and events