Petrochemicals giant Sasol’s blueprint for cutting emissions may have got the nod from shareholders at its AGM, but the big drop in support for its climate change plans is being seen as an expression of no confidence in its ability to meet its emissions targets.

The 77.36% of the votes in favour on Friday is down sharply from the 94.05% the plan received at the 2022 AGM, with institutional investors Old Mutual and Ninety One carrying through their stated opposition to the plans, tabled in the form of a nonbinding resolution...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.