May 1, 2020 / 6:17 AM / 3 months ago

Norway wealth fund to back AGM resolution to make Barclays a 'net zero' bank

OSLO, May 1 (Reuters) - Norway's sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank's annual general meeting on May 7, the fund said on Friday.

The resolution calls on Barclays to be a "net zero" emissions bank by 2050, to set a strategy for transitioning its provision of financial services to align with the goals and timelines of the Paris Agreement, and to report annually on progress.

The fund held a 2.94% stake in Barclays worth $1.2 billion at end-2019, according to fund data. (Reporting by Gwladys Fouche; editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below