The Annual Shareholders’ Meeting of the Essen-based energy company - E.ON has supported the Management’s path to greater sustainability with a large majority. Among other things, it approved the new compensation system for the Board of Management.
It sets an incentive for successful and sustainable corporate management and ties the compensation of Board of Management members to the short-term and long-term development of the company.
E.ON Sustainability Index
Sustainability targets currently include reducing carbon emissions (Scope 1&2)
In this context, a quarter of the long-term incentive component will in future be based on whether the company achieves the targets it has set itself in the E.ON Sustainability Index. This anchors ESG (environmental, social, governance) aspects relevant to E.ON in the company’s target system.
Sustainability targets currently include reducing carbon emissions (Scope 1&2), increasing the share of female managers, reducing the frequency of serious accidents and fatalities, and stable results in three relevant ESG ratings (MSCI, Sustainalytics and ISS ESG).
E.ON’s Annual Shareholders Meeting
In addition, the Annual Shareholders Meeting approved the payment of a dividend of 47 cents per share for the 2020 financial year. This is an increase compared with the previous year (46 cents) and the fourth consecutive increase.
E.ON is, thus, maintaining its attractive dividend policy. This policy provides for an annual dividend increase of up to 5 percent over the next three years.
Due to the COVID-19 pandemic, the Annual General Meeting was again held in a virtual format
Due to the COVID-19 pandemic, the Annual General Meeting was again held in a virtual format. As in the previous year, the representation also in the virtual format was at a high level. 66.25 percent of the share capital was represented.
resolutions adopted
E.ON ensured that shareholders were able to address questions to the Board of Management as usual, which were answered in the course of the meeting.
Twenty-three shareholders took advantage of this opportunity, and more than 200 questions were answered by the Board of Management and Supervisory Board, follow-up questions were also allowed. Votes were also taken online, and resolutions adopted in this way are valid without restriction.