Finance
Barclays Shareholders Vote to Support Climate Plan
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Barclays Plc shareholders overwhelmingly supported the proposal to cut its net greenhouse gas emissions to zero and voted against a potentially more stringent alternative plan put forward by some of its investors.
At the bank’s annual general meeting on Thursday, 99.93% of shareholders gave their support to the plan to go “net zero” by 2050, the bank said in a statement on Thursday. A separate proposal, which was coordinated by the investor activist group ShareAction and backed by money managers at Amundi SA and Jupiter Asset Management, called for the phase-out of financing activities to the most carbon-intensive energy companies. It received 23.95% support.