REG - Centrica PLC - Update on 2022 AGM vote shareholder engagement

CentricaAnnouncement

02/12/2022 13:30

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RNS Number : 4795I  Centrica PLC  02 December 2022

Update on 2022 AGM vote shareholder engagement

 

Centrica plc ("Centrica")

2 December 2022

 

At Centrica's 2022 Annual General Meeting on 7 June 2022, the non-binding
advisory vote in respect of approving our Climate Transition Plan was
supported by a large majority of shareholders (79.96%).

 

However, in recognition that some shareholders (20.04%) chose not to support
this resolution and in accordance with the UK Corporate Governance Code 2018,
Centrica has published this update to explain the action and engagement it has
taken to date in response to the voting outcome.

 

Centrica has consulted a range of shareholders that were unable to support the
resolution to understand the reasons behind their decision. During this
engagement we have received overwhelmingly positive feedback on our decision
to publish our Climate Transition Plan and the setting of targets to become a
Net Zero business by 2045 and help our customers achieve Net Zero by 2050.
Some of these shareholders indicated that they used the advisory vote as a
means of encouraging us to continue to further develop our ambitious plans in
this important area. Other shareholders were seeking to understand how our
climate goals would help to contribute to a wider pathway that limits global
warming to 1.5°C, and wished to explore the development of additional short
term carbon reduction targets and supplementary disclosures on the actions we
intend to take in meeting our targets.

 

We welcome these views and will continue to communicate our thinking for our
plans through our ongoing constructive engagement with shareholders and other
key stakeholders, and through the Centrica's statutory reporting, including a
final update in our 2022 Annual Report and Accounts.

 

For further information on our approach and progress please see Our People
& Planet Plan, available on Centrica's website
(https://www.centrica.com/sustainability/).

 

 

END

 

Enquiries:

 

Investors and Analysts

T: 01753 494900

E: ir@centrica.com

 

Media

T: 01784 843000

E: media@centrica.com

 

 

Centrica plc is listed on the London Stock Exchange (CNA)

Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654

Legal Entity Identifier number: E26EDV109X6EEPBKVH76

ISIN number: GB00B033F229

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