Investor Insight ACCR Presentation on Santos Ltd 2023 AGM
Webinar supporting our analysis of the Santos Ltd (ASX: STO) 2022 remuneration report and provides a summary of the Tiwi Island case.
At Santos’ 2022 AGM 25.3% of votes cast were against its remuneration report.
This is a serious signal that investors are unsatisfied and creates the possibility of a 2nd strike and board spill at the 2023 AGM.
Last year, the Full Federal Court found that Santos environmental approval to conduct the Barossa drilling campaign had been unlawfully issued. This resulted in the suspension of the drilling campaign and a heightened focus on environmental approvals.
This webinar looks at Santos’ 2022 remuneration report, provides a summary of the Tiwi Island case and may inform your voting considerations for this year's AGM.
ACCR’s climate program aims to accelerate the energy transition to a low carbon economy in line with the Paris Agreement. We engage with listed companies on their climate risk disclosure and the need to set emissions reduction targets consistent with the Paris Agreement, and we also push for reviews by listed companies of their industry associations’ climate policy advocacy.