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UBS shareholders back bank’s climate roadmap
2022.04.06 11:47
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Climate activists of Campax and Collective Climate Justice display banners during a protest ahead of a UBS general shareholder meeting in Zurich, Switzerland April 6, 2022. REUTERS/Arnd Wiegmann
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ZURICH (Reuters) – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough.
In all 77.74% of shareholder votes backed Switzerland’s biggest bank’s climate proposal setting interim targets to progress towards net zero emissions by 2050.
The approval rate was the lowest of any of the proposals put to shareholders at the bank’s annual general meeting.
