Skip to content
Subscriber Only

Shell Sees Off Controversial Votes on Climate Change, CEO Pay

  • Remuneration report gets weaker support than last year
  • Investors overwhelmingly reject resolution on climate targets
Royal Dutch Shell

Photographer: Andrey Rudakov/Bloomberg

Royal Dutch Shell Plc has seen off the two most debated issues at its shareholder meeting -- the boss’s pay and responsibility in tackling climate change. But not without a degree of drama.

The company won the backing of about 94 percent of shareholders to not set specific emission-reduction targets, with Chief Executive Officer Ben van Beurden saying it is taking “leadership” on the issue. However, while almost 75 percent of investors also approved the remuneration report, it faced stiffer resistance after an influential advisory firm asked them to reject the package.