Responsible Investments Report 2021

Appendixes

47

Examples of important votes 2021

COMPANY DATE OF VOTE

SUMMARY

OUR VOTE

RATIONALE FOR THE VOTING DECISION

OUTCOME

Significant risks to shareholders stemming from severe and mate- rial ESG controversies have been identified at the company, which reflects poor board oversight of ESG risks, including human rights risk as well as concerns regarding the effectiveness of the company's content governance. In addition several of board members are being questioned on the basis of poor company ESG risk oversight by the board. We voted for both the Energy Transition Strategy and the “Follow This”-resolution on Paris-aligned targets since it was the best way to both 1) indicate that their strategy and targets are not sufficient, and also 2) not halting the very, very significant progress that the company has made and is making.

Require independent director nominee with human and/or civil rights experience (shareholder proposal)

Facebook

26-May-21

FOR

AGAINST

Request Shell to set and publish targets for greenhouse gas emissions (shareholder proposal)

Royal Dutch Shell

18-May-21

FOR

AGAINST

Instruct Company to set short, medium, and long -term targets for greenhouse gas emissions of the company’s operations and the use of energy products (shareholder proposal) Oversee and report on a civil rights, equity, diversity and inclusion audit (shareholder proposal)

We support this to signal the importance to include these type of targets in the energy transition plan that they will submit at the AGM 2022.

Equinor

11-May-21

FOR

AGAINST

An independent racial equity audit would help shareholders better as- sess the effectiveness of Amazon's efforts to address the issue of racial inequality and its management of related risks, particularly in light of recent discrimination lawsuits. A director with human and/or civil rights expertise as a core part of their previous professional experience, training, or education, would be of value to Twitter given the human rights risks of its current general operations. Such a director could enhance the board's over- sight of human rights-related risks.

Amazon

26-May-21

FOR

AGAINST

Require independent director nominee with human and/or civil rights experience (shareholder proposal)

Twitter

24-Jun-21

FOR

AGAINST

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