Barclays said Monday it will have a target of net zero carbon emissions for its financed activities by 2050, in accordance with the Paris Agreement. The announcement came in response to a shareholder resolution filed by a group of investors led by ShareAction urging the company to reduce what the group called a massive carbon footprint. It was part of the bank's "Environmental, Social and Governance 2019" report published Monday with its new climate policy. "Barclays will now have an ambition to become a net zero bank by 2050 and a commitment to align all of its financing activities with the goals and timelines of the Paris Agreement," the company said. Read Full Article - Pensions & Investments, March 31, 2020
