Barclays: Climate Change Risk Reporting
BE IT RESOLVED: To promote the long-term success of the Company, given the risks and opportunities associated with climate change, we as shareholders direct the Company to set and disclose targets to phase out the provision of financial services, including but not limited to project finance, corporate finance, and underwriting, to the energy sector (as defined by the Global Industry Classification Standard) and electric and gas utility companies that are not aligned with Articles 2.1(a) and 4.1 of the Paris Agreement (‘the Paris goals’). The timelines for phase out must be aligned with the Paris goals. The company should report on progress on an annual basis, starting from 2021 onwards. Disclosure and reporting should be done at reasonable cost and omit proprietary information.
Resolution Details
Company: Barclays plc
Lead Filers:
ShareAction
Year: 2020
Filing Date:
December 2019
Initiative(s): Climate Change
Status: 24%