U.N. climate envoy Mark Carney on Monday backed a push by investors to force companies to submit their climate change strategies to annual shareholder votes, saying such a mechanism could improve oversight of pledges to slash greenhouse gas emissions.
Carney, who took a U.N. climate finance role after stepping down as Bank of England governor in March, said investors could have an automatic advisory vote on a company’s climate plans, in the same way they are involved in pay discussions. “Rather than have authorities be overly prescriptive on plans, it may be desirable to have investors have a say on transition,” Carney told the start of a three-day climate conference in London called Green Horizon. “This would establish a critical link between responsibility, accountability and sustainability,” he added.U.N. envoy Carney backs annual investor votes on company climate plans | Reuters