Aegon will vote in favor of a resolution which calls on Shell to set long-term (2050) and quantitative targets aligned with the goals of the Paris Climate Agreement.
The Follow This resolution is part of the agenda of Shell's Annual General Meeting of Shareholders, due to take place on May 22.
The spirit of the resolution is consistent with Aegon's own policy and approach to climate change. We also believe clients on whose behalf we are voting would support the sentiment of the resolution.
The resolution acknowledges the challenges of a low carbon trajectory for the energy company, and is supportive of Shell's leadership position, but at the same time encourages Shell to take leadership in the energy transition to a net-zero-emission energy system.
Follow This is a group of Shell shareholders who are asking the company to take the lead in the global energy transition towards zero emission energy supply.