The coalition of shareholders supporting the resolution had grown rapidly from a group with US$2trn assets under management at the start of this month to the US$10trn represented at the vote yesterday.A CEPB spokesperson told IPE: “Our success in building support for our resolution clearly shows that many of the world’s leading investors are now climate conscious in a way that is truly shaping and framing the climate debate.”He added: “The momentum of support for our resolution sends an undisputed signal to BHP’s Board that lobbying should not be used to delay, divert and disrupt the long-term interests of the company and its shareholders but for far more constructive purposes.”In 2017, BHP’s industry review said trade bodies should cease lobbying in climate and energy policy areas where their members are not aligned. The review followed a shareholder proposal on the subject, for which 8% BHP’s UK shareholders voted. The CEPB spokesperson said: “The vote yesterday lets BHP and its management know that the follow-through they promised in 2017 is of concern to a sizeable and powerful number of institutional investors.”BHP has said global warming is “a challenge that requires collaboration” and that it can have a positive influence within industry associations. It is currently carrying out a new review of its industry associations, the outcome of which is to be reported later this year. This article was amended to state that Church of England Pensions Board was a co-filer. A shareholder resolution asking mining company BHP to suspend its membership of trade associations not lobbying in line with the Paris Climate Agreement won just over 22% of the votes at the company’s London AGM yesterday.Co-filers of the resolution included Church of England Pensions Board (CEPB), MP Pension and Actiam, and backing also came from institutional investors with assets under management (AUM) of over US$10trn (€11.4trn), including AP7 and three other Swedish buffer funds, Greater Manchester Pension Fund, CalPERS, Folksam Group, AXA Investment Managers and Aberdeen Standard Investments.However, 70% of the votes went against the resolution. The BHP board recommended voting against it, and the standard voting recommendation from proxy advisers ISS and Glass Lewis was also to oppose it. The vote was indicative, and will not be finalised until BHP’s Sydney AGM on 7 November, when the Australian shareholder base – 58% of the total – votes on the same resolution.
Syracuse (7-5) got back to its winning ways in a three-set victory against Binghamton (3-9) Saturday afternoon at the Hofstra Tournament in Hempstead, New York. The Orange dominated the first two sets, 25-18, 25-12, before edging out a 25-23 third-set victory to finish the match.Kendra Lukacs (11 kills) and Anastasiya Gorelina (10 kills) were SU’s biggest contributors on offense, along with Annie Bozzo (29 assists). The Orange offense as whole posted a .281 hitting percentage, making just nine attack errors all match. Six different Syracuse players had five or more digs in a solid defensive effort.SU was forced to overcome an early deficit, riding an 8-3 run to take a 12-10 first-set lead. A few plays later, the Orange scored eight of the next ten points to gain control of the set. Lukacs (5 kills) and Mariia Levanova (4 kills) paced the Orange on the offensive front, with Bozzo totaling 11 assists. Binghamton tried to call two timeouts to adjust but couldn’t as SU won, 25-18.In the second set Syracuse jumped out to a commanding 6-0 lead. Bozzo provided three service aces, while Gorelina chipped in with two kills. For the remainder of the set, Binghamton was unable to get within five points. Eight attack errors and two service errors plagued the Bearcats, and the efficiency of the Orange — .286 hitting percentage, two attack errors — held Binghamton to just 12 points in the set, tied for the fewest points SU has allowed in a set this season.The third set was the closest as Binghamton stayed even with the Orange, never falling behind by more than four points. Eventually, Syracuse gained a 21-17 advantage, but the Bearcats responded with a 4-0 run that evened the score. Potentially facing a fourth set, SU powered through. With the score knotted at 23, back-to-back kills by Lukacs and Santita Ebangwese secured a 25-23 set victory, as well as a 3-0 sweep. It was the third time this season a Syracuse opponent failed to win a set.AdvertisementThis is placeholder textThe Orange will play its third and final match in the Hofstra tournament against Hofstra on Saturday night at 7 p.m. in the Mack Physical Education Center. Comments Published on September 16, 2017 at 3:28 pm Contact David: [email protected] Facebook Twitter Google+ read more