Climate change resolution voted down at Standard Bank AGM
Only 38% of shareholders were in favour of the resolution for the bank to disclose its exposure to climate change risk
30 May 2019 - 12:26
The first climate risk-related resolution tabled at Standard Bank’s AGM on Thursday failed to pass when 61% of shareholders voted against it.
If it had been passed, the resolution would have required SA’s largest bank to publicly disclose information about the extent to which it is involved in activities that expose it to climate change risk. ..
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