Rio Tinto faces up to Church of England shareholders’ resolution on coal lobby

Posted May 3, 2018

[Anglican Communion News Service] A resolution co-filed by the Church of England Pensions Board challenging Rio Tinto’s continuing support for pro-coal lobby groups has failed at the company’s annual general meeting. But the resolution attracted the support of 18.3 percent of Rio Tinto’s shareholders, including Aegon and Legal & General, in what the Church of England described as “the largest vote for a shareholder resolution related to climate change, without board support, in Australian corporate history.” In addition to the board, the resolution was co-filed by the Australasian Centre for Corporate Responsibility, the Australian pension fund Local Government Super and The Seventh Swedish National Pension Fund.

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