Image:
Facade of Westminster Abbey in London, England (Credit: iStock)
The Church of England (CoE) Pensions Board has said it plans to vote against the reappointment of directors at HSBC, NatWest, and Santander during this year's annual general meeting (AGM) season, as it accused the banks of having "materially backtracked on their climate commitments".
The investor, which oversees £3.4bn worth of funds on behalf of the CoE, said it would not support AGM items that constitute weakened climate ambition at the three banks and would also monitor othe...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
