LONDON, April 4 (Reuters) - Influential proxy adviser Institutional Shareholder Services (ISS) recommended a vote against the BP board on revoking some previous climate reporting resolutions and allowing it to hold online-only shareholder meetings, according to a note seen by Reuters.
"A particularly compelling argument would be required to justify such a legal revocation, which we believe is unprecedented in the UK context," ISS said about BP's resolution to retire two resolutions from 2015 and 2019 requiring company-specific climate reporting which passed with near 100% support at the time.
"We do not consider the Board's argument that the prior resolutions detract from the clarity of reporting and standardised disclosures to constitute a sufficiently compelling case to offset the concerns for 'retiring' the relevant disclosures," its analysis explaining the recommendation said.
(Reporting by Shadia Nasralla; Editing by Alison Williams)
By Shadia Nasralla
