97 percent agree with sustainability reports
Published: Saturday, Jul 27th 2024, 07:40
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Shareholders have approved the sustainability reports of the largest Swiss companies at their annual general meetings by a large majority. The average approval rate was 97%, according to an analysis by the news agency AWP.
Proxy advisors, on the other hand, were far more critical of the companies in the Swiss share index SMI. The shareholders' association Actares, for example, rejected two thirds of the reports, while the Ethos Foundation rejected half of them. In most cases, this was due to a lack of transparency and an inadequate climate protection strategy.
Due to a new law, Swiss companies had to have their sustainability reports approved by shareholders for the first time this year. Among other things, the reports include information on CO2 emissions, energy consumption and the proportion of women.
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