Phillips 66

Ticker: PSX
Meeting date: 12/05/2021
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1a Elect Director Julie L. Bushman For For
1b Elect Director Lisa A. Davis For For
2 Declassify the Board of Directors For For
3 Ratify Ernst & Young LLP as Auditors For For
4 Advisory Vote to Ratify Named Executive Officers' Compensation For For
Shareholder proposals
5 Adopt GHG Emissions Reduction Targets Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
6 Report on Climate Lobbying Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For

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