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    QONEQT in News

    10-Oct-2022 03:17 PM


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    ANZ, Westpac investors call for climate risk resolutions at AGMs By Reuters

    The logo of the ANZ Banking Group is displayed in the window of a branch in central Sydney, Australia, Aprl 30, 2016.

    With global investor focus sharply pivoting towards climate change, banks are under intense scrutiny for their ties with fossil fuel projects and they have been pushed to set broader goals towards cutting emissions and investing more in clean energy projects.

    A group of shareholders had filed climate change resolutions with Australia's three of the 'big four' banks last year, asking them to abide by their self-declared support for net-zero emissions by 2050 and stop financing fossil fuel projects.

    Market Forces, which previously requisitioned climate-related shareholder resolutions at companies including BHP Group (NYSE: ), Rio Tinto (NYSE: ) and Whitehaven Coal, did not immediately respond to a request for comment.
    Westpac and ANZ will hold their annual general meetings on Dec. 14 and 15, respectively.
    Source: Investing.com
    #ANZ #Westpac