Phillips 66
Ticker: PSX
Meeting date: 12/05/2021
Meeting type: Annual
Proposal | Mgt rec | Vote | |
---|---|---|---|
Management proposals | |||
1a | Proposal Elect Director Julie L. Bushman | Mgt rec For | Vote For |
1b | Proposal Elect Director Lisa A. Davis | Mgt rec For | Vote For |
2 | Proposal Declassify the Board of Directors | Mgt rec For | Vote For |
3 | Proposal Ratify Ernst & Young LLP as Auditors | Mgt rec For | Vote For |
4 | Proposal Advisory Vote to Ratify Named Executive Officers' Compensation | Mgt rec For | Vote For |
Shareholder proposals | |||
5 | Proposal 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 | Mgt rec Against | Vote For |
6 | Proposal 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 | Mgt rec Against | Vote For |
Disclaimer This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:
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