Climate and the changing corporate environment
In a first for SA, Standard Bank tabled climate change-related resolutions at its AGM last week. As environmental concerns grow, such events are likely to become more common
It’s a rare but delicious occasion when an AGM is anything to write home about. When it is, it’s often not good news for the company in question. But that wasn’t the case last week, when Standard Bank shareholders voted on the first-ever climate change-related resolution to be tabled at an AGM in SA.
Though the resolution failed to pass, it received substantial support (38%) and followed such robust debate that one banking executive in the back seats declared it the most exciting AGM he’d ever attended.