ISS recommends vote against BP board on climate reporting

ISS advised shareholders to vote against BP leadership over plans to scrap climate disclosures. The proxy group said the move lacks a compelling justification.

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The influential proxy advisory firm Institutional Shareholder Services (ISS) has recommended that shareholders vote against the board of BP PLC regarding a proposal to revoke existing climate reporting requirements. The recommendation also addresses the company's plan to shift toward online-only shareholder meetings, according to an analysis seen by Reuters.

The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren
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