GEA Group Secures Shareholder Approval for 2040 Climate Transition Plan

GEA Group AG announced a successful shareholder vote approving its Climate Transition Plan 2040 during the Annual General Meeting held on April 30, 2024. An overwhelming 98.44% of shareholders endorsed the plan, designating GEA as the first DAX index family company to receive shareholder approval on a net-zero pathway.

Stefan Klebert, GEA CEO, emphasized GEA's commitment to sustainability and the significance of transparent stakeholder communication. The plan outlines specific targets and measures across the company’s operations, product lineup, and supply chain, aiming for net-zero emissions by 2040. GEA plans to review this agenda every three years and will detail the progress in its annual sustainability report.

The meeting also finalized the election of Andreas Renschler and Prof. Dr.-Ing. Axel Stepken as Supervisory Board members. Moreover, shareholders passed other motions, including a dividend distribution increase and the appointment of PricewaterhouseCoopers as the new auditor starting from 2024.