EQS-News

Shareholders approve GEA’s Climate Transition Plan 2040 by an overwhelming 98.4%

EQS-News: GEA Group Aktiengesellschaft / Key word(s): AGM/EGM/ESG Shareholders approve GEA’s Climate Transition Plan 2040 by an overwhelming 98.4% (news with additional features) 30.04.2024 / 14:30 CET/CEST The issuer is solely responsible for the content of this announcement. Shareholders approve GEA’s Climate Transition Plan 2040 by an overwhelming 98.4%

Düsseldorf, April 30, 2024 – In a groundbreaking vote at today’s Annual General Meeting, GEA Group AG’s shareholders approved by an overwhelming majority the Climate Transition Plan 2040 presented to them. This consultative vote makes GEA the first member of the DAX index family to ask shareholders to approve its path to net zero. 98.44 percent voted in favor of the plan.

“I am very pleased that our shareholders have decided to accompany us on our journey to a sustainable future. Climate action calls on all of us to pull together to achieve the progress so urgently needed for our planet. This is not only mission-critical for GEA’s long-term business success, but also vital for future generations. That is why transparency and maintaining an open dialog with our shareholders are a priority for us,” says CEO Stefan Klebert.

GEA’s Climate Transition Plan 2040 sets out the short, medium and long-term targets for reducing greenhouse gas emissions at every link in the value chain. It also specifies timings, action areas and the investments required. The path to net zero emissions by 2040 focuses on three core areas: transformation of the company’s own operations (Scopes 1 and 2), product portfolio transformation (downstream Scope 3) and supply chain decarbonization (upstream Scope 3).

GEA intends to ask the Annual General Meeting to vote on the development of the Climate Transition Plan every three years, and will report in its annual sustainability report on the progress made.

Annual General Meeting confirms new Supervisory Board members
At the virtual Annual General Meeting, the shareholders elected Andreas Renschler und Prof. Dr.-Ing. Axel Stepken as first-time shareholder representatives of the Supervisory Board. Both appointments have been made until the conclusion of the Annual General Meeting in 2027, which resolves on the ratification of fiscal year 2026.