Standard Bank rejects calls from climate activists to drop directors
The group will not be tabling resolutions made by activist shareholders regarding financing for the fossil fuel industry
Africa’s largest bank by assets, Standard Bank, says it rejects calls from climate activists to vote against five members of its board in the wake of the group not tabling climate change resolutions at its upcoming AGM.
Lobby group Just Share has called for shareholders to vote against board members with ties to fossil fuels at the group’s AGM on June 26. This follows the group saying it will not table a resolution related to financing of fossil fuels, which also commits to a hard deadline for enhanced disclosures related to climate risk...