Germany’s leading liner company, Hapag-Lloyd, has received a taste of the shareholder blowback over environmental concerns that has rocked the oil and gas sector.
Climate activists and green investors have criticised it for using eye-watering profits to pay chunky dividends as opposed to investing in low-emission ships.
Berlin-based environmental lobby group NABU and the Association of Ethical Shareholders Germany questioned Hapag-Lloyd's strategy at its annual general meeting on 28 May.
