Barclays shareholders file climate change resolution
Bank urged to outline how it plans to phase out financing energy firms not part of Paris Agreement
08 January 2020 - 16:06
London — A group of Barclays shareholders have filed what they say is the first climate change resolution at a European bank, taking aim at the lender’s support of fossil fuels.
Eleven institutional investors and more than 100 individuals urged Barclays to say how it will phase out financing energy firms that do not align with the Paris Agreement climate goals, according to a statement from UK non-profit organisation Share Action, which co-ordinated the proposal...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.