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Future Fund reveals it voted against Woodside’s climate strategy

Jemima Whyte
Jemima WhyteSenior reporter

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The country’s sovereign wealth fund has revealed it was among the heavyweight investors which voted against Woodside Energy’s contentious climate strategy earlier this year amid an increase in activism at major ASX-listed companies.

The Future Fund, in its proxy voting record to be released on Thursday, has disclosed it voted against the oil and gas giant’s climate strategy. Nearly 60 per cent of the register voted against the strategy in April, an overwhelming rebuff to Woodside chairman Richard Goyder and chief executive Meg O’Neill, who had attempted to convince investors that the company was on a credible path to reduce its emissions.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/future-fund-reveals-it-voted-against-woodside-s-climate-strategy-20240918-p5kbnd