An amended law which would require all listed companies in France to submit their climate plans for shareholder approval every three years as an advisory vote has been adopted by the French national assembly.
The move would also see a yearly vote on the implementation of a company’s climate strategy.
The amendment was proposed by MP Alexander Holroyd and secured support from a majority of over 270 representatives.
The bill has faced opposition and was initially rejected from the commission in recent weeks. Rapporteur Damien Adam is one of those to have opposed the change.
“It is not for France to define a law which mandates Say on Climate, but rather for shareholders to ask for climate topics to be discussed at AGMs,” Adam told the first hearing.
The change is next set to be formally debated as part of the broader Green Industry Bill in September.