Activist shareholder Follow This broadens climate campaign against BP

A group of European investors led by activist Follow This urged BP to drop plans to scrap climate-reporting commitments and called on shareholders to vote against the change at the company's annual meeting later this month. The move raises reputational and governance risk and could pressure ESG-focused holders and near-term share performance around the AGM, though it is unlikely to cause immediate material financial damage to BP.

Analysis

A group of European investors led by activist Follow This urged BP to drop plans to scrap climate-reporting commitments and called on shareholders to vote against the change at the company's annual meeting later this month. The move raises reputational and governance risk and could pressure ESG-focused holders and near-term share performance around the AGM, though it is unlikely to cause immediate material financial damage to BP.