AGM Attendance Report 2019:

Authors: Natalie Jones and Mark Burrels

Executive Summary:

  • Student members of the Trinity Responsible Investment Society have attended shareholder meetings of BAE Systems, BP, and Shell, using the college’s shares.

  •  At those meetings, we asked questions of the companies’ boards, and voted on shareholder resolutions.

  •  Allowing students to attend AGMs is a good first step for Trinity.

  •  However, shareholder engagement, at least in this limited form, is not appropriate for fossil fuel companies.

  •  If Trinity wishes to remain invested in fossil fuels, Trinity should engage more extensively, by becoming a member of investor coalition Climate Action 100+, actively putting forward resolutions, and making statements to media.

  • If Trinity does not engage more fully, divestment from fossil fuels is the best option.

  • In the 2020 AGM season TRIS intends to attend AGMs of companies in the banking, insurance, agriculture, and consumer goods sectors.