Although climate related risks are typically already discussed in annual reports for companies in this sector, there remains room for improvements when it comes to additional disclosures. This is therefore something we focus on, but sometimes shareholder proposals have a hint of micromanagement. In such cases, we typically would agree with management that e.g. separate committees do not necessarily improve risk management regarding establishing environmental board oversight. As well we for propose companies to report on risks of petrochemical operations in flood prone areas.