Resolutions on climate change pass, and fail, at FirstRand AGM
FirstRand passed a resolution to adopt a policy on fossil fuel lending, but another to have the bank report its exposure to climate change risk failed
28 November 2019 - 13:06
FirstRand shareholders voted for the first time on climate change resolutions at the banking group's AGM on Thursday, an indication that green issues are increasingly taking centre stage at SA's top companies.
While a resolution for FirstRand to adopt and disclose a policy on fossil fuel lending was passed, another to have the bank assess and report on its exposure to climate change risk, failed.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now