Centrica PLC Update on 2022 AGM vote shareholder engagement (4795I)
02 Dicembre 2022 - 2:30PM
UK Regulatory
TIDMCNA
RNS Number : 4795I
Centrica PLC
02 December 2022
Update on 2022 AGM vote shareholder engagement
Centrica plc ("Centrica")
2 December 2022
At Centrica's 2022 Annual General Meeting on 7 June 2022, the
non-binding advisory vote in respect of approving our Climate
Transition Plan was supported by a large majority of shareholders
(79.96%).
However, in recognition that some shareholders (20.04%) chose
not to support this resolution and in accordance with the UK
Corporate Governance Code 2018, Centrica has published this update
to explain the action and engagement it has taken to date in
response to the voting outcome.
Centrica has consulted a range of shareholders that were unable
to support the resolution to understand the reasons behind their
decision. During this engagement we have received overwhelmingly
positive feedback on our decision to publish our Climate Transition
Plan and the setting of targets to become a Net Zero business by
2045 and help our customers achieve Net Zero by 2050. Some of these
shareholders indicated that they used the advisory vote as a means
of encouraging us to continue to further develop our ambitious
plans in this important area. Other shareholders were seeking to
understand how our climate goals would help to contribute to a
wider pathway that limits global warming to 1.5degC, and wished to
explore the development of additional short term carbon reduction
targets and supplementary disclosures on the actions we intend to
take in meeting our targets.
We welcome these views and will continue to communicate our
thinking for our plans through our ongoing constructive engagement
with shareholders and other key stakeholders, and through the
Centrica's statutory reporting, including a final update in our
2022 Annual Report and Accounts.
For further information on our approach and progress please see
Our People & Planet Plan, available on Centrica's website
(https://www.centrica.com/sustainability/).
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Enquiries:
Investors and Analysts
T: 01753 494900
E: ir@centrica.com
Media
T: 01784 843000
E: media@centrica.com
Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor,
Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229
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END
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