Unilever holders back ESG rowback due to protests

The company’s new climate transition action plan was approved by investors representing 68% of the share capital. — Bloomberg

LONDON: Unilever Plc’s move to dial back environmental commitments has drawn protests at the company’s annual meeting, even as shareholders of the maker of Dove soap and Magnum ice cream approved the softer targets.

Demonstrators interrupted the London gathering, singing “Power to the People,” shouting “no to plastic” and demanding a more ambitious commitment from the consumer goods company.