Update on 2022 AGM vote shareholder engagement

Source: RNS
RNS Number : 4795I
Centrica PLC
02 December 2022

Update on 2022 AGM vote shareholder engagement


Centrica plc ("Centrica")

2 December 2022


At Centrica's 2022 Annual General Meeting on 7 June 2022, the non-binding advisory vote in respect of approving our Climate Transition Plan was supported by a large majority of shareholders (79.96%).


However, in recognition that some shareholders (20.04%) chose not to support this resolution and in accordance with the UK Corporate Governance Code 2018, Centrica has published this update to explain the action and engagement it has taken to date in response to the voting outcome.


Centrica has consulted a range of shareholders that were unable to support the resolution to understand the reasons behind their decision. During this engagement we have received overwhelmingly positive feedback on our decision to publish our Climate Transition Plan and the setting of targets to become a Net Zero business by 2045 and help our customers achieve Net Zero by 2050.  Some of these shareholders indicated that they used the advisory vote as a means of encouraging us to continue to further develop our ambitious plans in this important area. Other shareholders were seeking to understand how our climate goals would help to contribute to a wider pathway that limits global warming to 1.5°C, and wished to explore the development of additional short term carbon reduction targets and supplementary disclosures on the actions we intend to take in meeting our targets.


We welcome these views and will continue to communicate our thinking for our plans through our ongoing constructive engagement with shareholders and other key stakeholders, and through the Centrica's statutory reporting, including a final update in our 2022 Annual Report and Accounts.


For further information on our approach and progress please see Our People & Planet Plan, available on Centrica's website (https://www.centrica.com/sustainability/).







Investors and Analysts

T: 01753 494900

E: ir@centrica.com



T: 01784 843000

E: media@centrica.com



Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD

Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.