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.