«Say on Climate»: Nestlé meets demand of Ethos
Over the last few months, Ethos Foundation has held numerous discussions with the boards of Nestlé and LafargeHolcim with the aim of encouraging them to voluntarily submit their climate transition plans to a shareholder vote. After Ethos and seven Swiss pension funds submitted a shareholder resolution at Nestlé's annual general meeting (AGM), the board of directors announced on Tuesday 16 March that it would submit its climate strategy to an advisory vote at the AGM on 15 April 2021. Following this welcome decision, Ethos withdrew its shareholder resolution. Discussions with LafargeHolcim are ongoing and the company will announce its decision in the coming weeks.