Booking Holdings Loses Shareholder Vote on Climate Progress Report
Skift Take
Corporations are going to have to get used to shareholders taking them to task about the existential challenge of climate change. In this case, the shareholders were correct — buying carbon offsets while increasing carbon emissions just won't make the cut.
With a proponent of the measure arguing that carbon offsets alone are insufficient, Booking Holdings' shareholders approved an advisory measure — that the company opposed — to have Booking conduct an annual climate transition report.
The vote was 19.23 million shareholders in favor of such a report and 14.84 million opposed. There were more than 180,000 abstentions, a
