Oct 14 (Reuters) - A shareholder group urged Australian
explosive and fertiliser maker Incitec Pivot on
Thursday to set emissions targets and align management pay and
capital expenditure to help limit global warming.
Incitec is among a growing number of companies facing
investor pressure to tackle climate change and align with the
Paris climate change goal to limit global warming this century
to well below 2 degrees Celsius.
In a resolution, the Australasian Centre for Corporate
Responsibility (ACCR) called on Incitec to provide more
information on its remuneration policy and capital spending on
developing oil and gas reserves, and how both will help it meet
the Paris goals.
"Its existing target to reduce emissions by 5% by 2026 (on
2020 levels) is unambitious to say the least and significantly
lags those of its ASX-listed peers, including Orica and
Wesfarmers," Dan Gocher, director of climate and environment at
ACCR, said in a statement.
ACCR represents 0.0036% of Incitec shares and advocates
Australian firms improve their environmental, social and
Incitec said it will publish the board's response and voting
recommendations on Nov. 17, a month ahead of the annual general
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by