Hazel joined the Research team at Integrum ESG in 2022, having previously worked as an Economist specialising in Social Value at the research consultancy, Simetrica-Jacobs. She holds an MA in Economics and Politics from the University of Edinburgh, is a Full Accredited Researcher as issued by the Office for National Statistics (ONS) and she holds the CFA UK Level 4 Certificate in ESG Investing.
An activist investor group is urging Woodside Energy shareholders to vote against the re-election of all three directors.
This was shared in our sentiment round up last week, with the investors concerned citing poor returns and failures in managing climate risks.
Are these investors right?
The data speaks for itself - Woodside’s absolute emissions increased by 8% year-over-year from 2023 to 2024.
Their Global Scope 1 and Scope 2 greenhouse gas emissions, scaled by revenue, place them in the bottom quartile - not just compared to the entire Integrum ESG universe, but also among their global sector peers.
It is Woodside’s poor performance relative to other Oil and Gas E&P companies which underscores why investors are losing confidence.
Why is this important?
Boards that fail to align with the energy transition will face increasing scrutiny from investors who expect more than empty promises.
With regards to Woodside, the key question remains: will they change course, or will shareholders force their hand?
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