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Norway wealth fund to back AGM resolution to make Barclays a 'net zero' bank

Fri, 01st May 2020 07:17

OSLO, May 1 (Reuters) - Norway's sovereign wealth fund will
vote in favour of a resolution committing Barclays to
tackling climate change at the bank's annual general meeting on
May 7, the fund said on Friday.

The resolution calls on Barclays to be a "net zero"
emissions bank by 2050, to set a strategy for transitioning its
provision of financial services to align with the goals and
timelines of the Paris Agreement, and to report annually on
progress.

The fund held a 2.94% stake in Barclays worth $1.2 billion
at end-2019, according to fund data.
(Reporting by Gwladys Fouche; editing by David Evans)

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