Summary by Futu AI
Boeing Co is facing a shareholder resolution from As You Sow, urging the adoption of a value chain emission reduction target in alignment with the Paris Agreement's 1.5°C goal. The resolution, set for a vote at the annual meeting on May 17, 2024, calls for Boeing to establish net zero emissions by 2050 or sooner, covering all significant emission categories. This comes as the Intergovernmental Panel on Climate Change emphasizes the need for immediate and significant emissions reductions across all sectors. Investors and regulatory bodies are increasingly demanding science-aligned emission reductions and transition planning, recognizing climate-related risk exposure. Boeing, a major aerospace and defense manufacturer, has not yet set a target for reducing emissions from its value chain, which accounts...Show More