Institution Theme Category Industry
  • BlackRock
  • Environmental
  • Climate
  • Airlines
Company Year Market Link
Delta Air Lines, Inc. 2020 N/A https://www.blackrock.com/corporate/literature/press-release/blk-vote-bulletin-delta-jun-2020.pdf

BIS considers Delta a leader among US peers with regard to board oversight of climate risk… the company has publicly committed to carbon neutrality and is working to reduce its GHG emissions footprint via airplane fleet renewal, biofuels, and increased use of grid electricity where possible…Furthermore, Delta’s trade association memberships and lobbying activities are currently disclosed with clear rationales…The company adheres to local, state, and federal statutes regarding lobbying activities…In our engagement with the company prior to the 2020 annual meeting, senior management reiterated their focus on increasing disclosure on political contributions and lobbying. We anticipate that this will provide greater clarity into their lobbying and political activities, particularly as it relates to climate risks and opportunities. Given the progress the company has made in its consideration of and action to mitigate material climate risks, and their commitment to further enhancing their disclosures, we believe that our support for the shareholder proposal is not warranted at this time.

Details

  • Proponent
  • Shareholder
  • Resolution
  • Report on Climate Lobbying
  • Vote
  • AGAINST
  • Rationale
  • N/A
  • Details
  • BIS considers Delta a leader among US peers with regard to board oversight of climate risk… the company has publicly committed to carbon neutrality and is working to reduce its GHG emissions footprint via airplane fleet renewal, biofuels, and increased use of grid electricity where possible…Furthermore, Delta’s trade association memberships and lobbying activities are currently disclosed with clear rationales…The company adheres to local, state, and federal statutes regarding lobbying activities…In our engagement with the company prior to the 2020 annual meeting, senior management reiterated their focus on increasing disclosure on political contributions and lobbying. We anticipate that this will provide greater clarity into their lobbying and political activities, particularly as it relates to climate risks and opportunities. Given the progress the company has made in its consideration of and action to mitigate material climate risks, and their commitment to further enhancing their disclosures, we believe that our support for the shareholder proposal is not warranted at this time.