JP Morgan Chase climate shareholder resolution narrowly defeated

Cecilia Keating
clock
JP Morgan is the world's largest funder of fossil fuels, according to Rainforest Action Network statistics
Image:

JP Morgan is the world's largest funder of fossil fuels, according to Rainforest Action Network statistics

Resolution's narrow defeat – at 49.6 per cent – sends a clear sign to bank that investors are increasingly displeased with its approach to fossil fuel investment.

Shareholders at JP Morgan Chase have signalled a growing desire that the world's largest funder of fossil fuels curbs lending activities that exacerbate climate change. At the bank's annual meeting...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Management

Charities call on government to back urgent scaling-up of climate solutions

Charities call on government to back urgent scaling-up of climate solutions

Save the Children, National Trust, and Women’s Institute are among groups to call for decisive policy action to drive clean tech adoption at today's Inaugural Westminster Climate Solutions Fair

Cecilia Keating
clock 06 July 2022 • 3 min read
Smart Pension managing director Paul Bucksey | Credit: Smart Pension

Smart Pension sets 2040 net zero target for default fund

Workplace pension provider sets out new goal as it unveils plan to halve emissions before 2025

Hope William-Smith
clock 06 July 2022 • 1 min read
LGIM launches new 'net zero' fund to drive investment in green economy

LGIM launches new 'net zero' fund to drive investment in green economy

Asset manager said it aims to deliver long-term returns, net zero carbon emissions, and improved ESG outcomes through new investment vehicle

Amber Rolt
clock 06 July 2022 • 2 min read