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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Aena S.M.E., S.A.    AENA   ES0105046009

AENA S.M.E., S.A.

(AENA)
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Billionaire UK investor aims to force hundreds of companies to act on climate

11/20/2020 | 10:12pm EST
FILE PHOTO: A bull elk makes its way through the field as corn is harvested in Levan, Utah, U.S.

LONDON (Reuters) - British billionaire Chris Hohn is aiming to force hundreds of U.S. and European companies to slash their greenhouse gas emissions by enlisting global investors to demand an annual vote on their climate plans at shareholder meetings.

Hohn, who has emerged as a major investor voice on climate change, set a precedent last month by using a shareholder resolution to force Spanish airports operator Aena to draft a new climate plan and submit it to an annual vote.

Hohn, founder of the TCI hedge fund, aims to replicate that model at many more companies in the next two years by mobilising investors to sponsor similar resolutions as part of his new Say on Climate https://www.sayonclimate.org campaign.

"Of course, not all companies will support the Say On Climate. There will be fights, but we can win the votes," Hohn told a webinar with representatives of pension funds and insurance companies on Thursday.

Hohn's Children's Investment Fund Foundation said the funds taking part represented more than $3 trillion (2.26 trillion pounds) in assets. The webinar was later posted https://www.sayonclimate.org/presentations on the Say on Climate website.

Hohn's campaign opens a new front in a wider push by activist investors on climate change.

Under Hohn's plan, shareholders submit a resolution requesting companies to disclose their greenhouse gas emissions, present a plan to reduce them, and give shareholders an annual nonbinding advisory vote on that plan.

Rather than push for specific action by groups of high-emitting companies, such as oil and gas majors, Hohn aims to drive a systemic shift so that it becomes standard practice for all major companies to submit climate plans for annual scrutiny.

"We think we need an annual general meeting shareholder vote to create an accountability mechanism for the execution of the plan - otherwise companies will do as little as they can get away with," Hohn said.

Earlier this month, U.N. climate envoy Mark Carney backed the idea.

(Reporting by Matthew Green and Simon Jessop in London; Editing by Matthew Lewis)

By Matthew Green and Simon Jessop


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AENA S.M.E., S.A. -0.28% 141.3 Delayed Quote.-0.63%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.9.17%
WTI -3.09% 52.11 Delayed Quote.11.60%
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Financials
Sales 2020 2 138 M 2 582 M 2 582 M
Net income 2020 -162 M -195 M -195 M
Net Debt 2020 6 804 M 8 216 M 8 216 M
P/E ratio 2020 -103x
Yield 2020 0,18%
Capitalization 21 195 M 25 626 M 25 593 M
EV / Sales 2020 13,1x
EV / Sales 2021 8,91x
Nbr of Employees 8 071
Free-Float 49,0%
Chart AENA S.M.E., S.A.
Duration : Period :
Aena S.M.E., S.A. Technical Analysis Chart | AENA | ES0105046009 | MarketScreener
Technical analysis trends AENA S.M.E., S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Average target price 139,19 €
Last Close Price 141,30 €
Spread / Highest target 16,1%
Spread / Average Target -1,49%
Spread / Lowest Target -29,2%
EPS Revisions
Managers and Directors
NameTitle
Maurici Lucena Betriu Chairman & Chief Executive Officer
José Leo Vizcaíno Chief Financial Officer
Pilar Arranz Notario Director
Francisco Javier Marín San Andrés Executive Director
Christopher Anthony Hohn Director
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