Jupiter Backs Barclays Shareholder Resolution on Climate Change – Bloomberg

Jupiter Asset Management has thrown its weight behind a shareholder campaign urging Barclays Plc to set out how it will stop financing energy firms that don’t align with the Paris Agreement climate goals.

The London-based fund manager joins around a dozen institutions including Amundi SA to back what supporters say is the first climate change resolution at a European bank. The proposal, which was announced in January and co-ordinated by the U.K. nonprofit ShareAction, will face a shareholder vote at Barclays’s annual meeting in May.

“As investors, we expect boards and management teams to maintain a long-term mindset and appropriately manage key risks to their business,” said Ashish Ray, head of governance and sustainability at Jupiter, which owns 1.15% of Barclays’ shares.

via Jupiter Backs Barclays Shareholder Resolution on Climate Change – Bloomberg

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