Bank chairs backtracking on climate commitments could face shareholder revolts

Exclusive: Campaign group calls on institutional shareholders to vote against re-election of bosses overseeing net zero row-backBank chairs who water down their lenders’ climate commitments this year could face embarrassing shareholder revolts as campaigners try to hold bosses to account for environmental backtracking.ShareAction, a campaign group for responsible investment, will be issuing detailed reports to pension funds and asset managers in the coming weeks, outlining whether 34 of the world’s largest lenders are sticking to their climate goals. Continue reading...