Boeing Co is facing a shareholder resolution from As You Sow, urging the adoption of a value chain emission reduction target in alignment with the Paris Agreement's 1.5°C goal. The resolution, set for a vote at the annual meeting on May 17, 2024, calls for Boeing to establish net zero emissions by 2050 or sooner, covering all significant emission categories. This comes as the Intergovernmental Panel on Climate Change emphasizes the need for immediate and significant emissions reductions across all sectors. Investors and regulatory bodies are increasingly demanding science-aligned emission reductions and transition planning, recognizing climate-related risk exposure. Boeing, a major aerospace and defense manufacturer, has not yet set a target for reducing emissions from its value chain, which accounts...Show More

Boeing Co is facing a shareholder resolution from As You Sow, urging the adoption of a value chain emission reduction target in alignment with the Paris Agreement's 1.5°C goal. The resolution, set for a vote at the annual meeting on May 17, 2024, calls for Boeing to establish net zero emissions by 2050 or sooner, covering all significant emission categories. This comes as the Intergovernmental Panel on Climate Change emphasizes the need for immediate and significant emissions reductions across all sectors. Investors and regulatory bodies are increasingly demanding science-aligned emission reductions and transition planning, recognizing climate-related risk exposure. Boeing, a major aerospace and defense manufacturer, has not yet set a target for reducing emissions from its value chain, which accounts for 99% of its overall emissions. In contrast, competitors like Airbus, Honeywell, and Safran have already established Scope 1-3 emission reduction targets. The resolution highlights Boeing's potential competitive, regulatory, and physical risks due to climate change, and suggests that setting science-aligned emission reduction targets could mitigate these risks, support customers with climate targets, improve competitiveness, and position Boeing to capitalize on climate-related opportunities. The Board of Boeing has opposed the proposal, stating that it already discloses certain emissions and has set appropriate goals, and that setting a value chain emission reduction target would not add value to shareholders and would require additional resources.