The shareholder-led resolution, which is
supported by the company, calls for more openness around issues
such as emissions management, the company's plans for low-carbon
research and its public policy positions relating to climate
change.
Initially proposed by a range of pension schemes, faith groups
and charities, the resolution will be put to the vote at BP's
annual general meeting (AGM) on April 16 and needs backing from
75 percent of votes cast to be passed.
A similar resolution has been proposed for the AGM of sector
peer Royal Dutch Shell and supported by the company ahead of its
AGM on May 19.
As well as APG, other fresh supporters included French fund firm
Amundi, British peer Kames Capital and German investment manager
Union Investment, a statement from shareholder pressure group
ShareAction said.
They join the likes of U.S. pensions giant Calpers, British fund
firms Schroders and Aviva Investors and Finnish fund Ilmarninen,
which are among the groups to have already backed the
resolution.
"Structural changes in the energy markets, resulting from policy
decisions and technological breakthrough, can alter the
long-term outlook for energy companies," said Erik Jan Stork,
Senior Sustainability Specialist at APG.
"We expect BP and other energy companies to take account of
these changes in developing their long-term business
strategies."
(Reporting by Simon Jessop; Editing by Mark Potter)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](column_spacer.png) |
|