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EQS-News: GEA Group Aktiengesellschaft / Key word(s): AGM/EGM/ESG
Shareholders approve GEA's Climate Transition Plan 2040 by an overwhelming 98.4% (news with additional features)
2024-04-30 / 14:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Shareholders approve GEA's Climate Transition Plan 2040 by an overwhelming 98.4%
Düsseldorf, April 30, 2024 - In a groundbreaking vote at today's Annual General Meeting, GEA Group AG's shareholders
approved by an overwhelming majority the Climate Transition Plan 2040 presented to them. This consultative vote makes
GEA the first member of the DAX index family to ask shareholders to approve its path to net zero. 98.44 percent voted
in favor of the plan.
"I am very pleased that our shareholders have decided to accompany us on our journey to a sustainable future. Climate
action calls on all of us to pull together to achieve the progress so urgently needed for our planet. This is not only
mission-critical for GEA's long-term business success, but also vital for future generations. That is why transparency
and maintaining an open dialog with our shareholders are a priority for us," says CEO Stefan Klebert.
GEA's Climate Transition Plan 2040 sets out the short, medium and long-term targets for reducing greenhouse gas
emissions at every link in the value chain. It also specifies timings, action areas and the investments required. The
path to net zero emissions by 2040 focuses on three core areas: transformation of the company's own operations (Scopes
1 and 2), product portfolio transformation (downstream Scope 3) and supply chain decarbonization (upstream Scope 3).
GEA intends to ask the Annual General Meeting to vote on the development of the Climate Transition Plan every three
years, and will report in its annual sustainability report on the progress made.
Annual General Meeting confirms new Supervisory Board members
At the virtual Annual General Meeting, the shareholders elected Andreas Renschler und Prof. Dr.-Ing. Axel Stepken as
first-time shareholder representatives of the Supervisory Board. Both appointments have been made until the conclusion
of the Annual General Meeting in 2027, which resolves on the ratification of fiscal year 2026.
Industrial engineer and business graduate Andreas Renschler has served on the Supervisory Board since September 1,
2023. Following his appointment by the Düsseldorf Local Court, his Supervisory Board membership has now been confirmed
by the Annual General Meeting. The former member of both the Volkswagen AG and Daimler AG Boards of Management is the
current Chairman of the Supervisory Board of Hella GmbH & Co. KG a. A. Andreas Renschler also lectures in management
accounting as an adjunct professor at the Technical University of Munich.
Prof. Dr.-Ing Axel Stepken succeeds Dr. Jens Riedl, Investment Partner at Groupe Bruxelles Lambert (GBL). Axel Stepken
has served as CEO of TÜV SÜD Stiftung since 2007 and is an honorary professor at the Technical University of Munich.
All other proposals also approved by a large majority
The shareholders also approved the other resolutions proposed by the Supervisory Board and Executive Board by a large
majority. These included the distribution of a dividend of EUR 1.00 (previous year: EUR 0.95) per share. This means GEA
has increased the profit distributed to shareholders for the third consecutive year. The further improvement in
operating earnings achieved as part of the "Mission 26" growth strategy made this possible. The Annual General Meeting
also approved the Supervisory Board proposal to appoint PricewaterhouseCoopers to take over the audit tasks performed
by the previous auditor KPMG, with effect from 2024, in accordance with the legal requirements regarding auditor
rotation.

NOTE TO EDITORS
. Further information about GEA
. Please visit GEA's press website
. GEA images
. Further information about the Climate Transition Plan 2040
. Please visit our feature's section for information on current topics

Media Relations
Anne Putz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-1500
anne.putz@gea.com

About GEA
GEA is one of the world's largest suppliers of systems and components to the food, beverage and pharmaceutical
industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced
process technology, components and comprehensive services. With more than 18,000 employees, the group generated
revenues of about EUR 5.4 billion in more than 150 countries in the 2023 fiscal year. GEA plants, processes, components
and services enhance the efficiency and sustainability of customer's production. They contribute significantly to the
reduction of CO[2] emissions, plastic usage and food waste. In doing so, GEA makes a key contribution toward a
sustainable future, in line with the company's purpose: "Engineering for a better world".
GEA is listed on the German MDAX the European STOXX^® Europe 600 Index and is among the companies comprising
the DAX 50 ESG, MSCI Global Sustainability as well as Dow Jones Sustainability World and Dow Jones Sustainability
Europe Indices.
More information can be found online at gea.com.
If you do not want to receive any further information from GEA, please send an e-mail to pr@gea.com.

Additional features:
File: GEA Hauptversammlung 2024
2024-04-30 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      GEA Group Aktiengesellschaft 

Peter-Müller-Straße 12
40468 Düsseldorf
Germany

Phone:        +49 (0)211 9136-0 
E-mail:       ir@gea.com 
Internet:     www.gea.com 
ISIN:         DE0006602006 
WKN:          660200 
Indices:      MDAX 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial 

Market in Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1893059

End of News EQS News Service
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1893059 2024-04-30 CET/CEST

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END) Dow Jones Newswires

April 30, 2024 08:30 ET (12:30 GMT)