Environmental and shareholder activists have claimed a victory even though the first climate-change-related resolution in SA was voted down at Standard Bank’s AGM on Thursday.

The resolution, which is the first of its kind to be tabled and voted on in SA, received support from a significant 38% of its shareholders. Although it was not passed, the amount of support indicated there could be more to come as pressure mounts for corporate SA to place climate change issues higher on the agenda.

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