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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Blow for Barclays as 20% of shareholders reject climate strategy

Barclays Nigel Higgins Extinction Extinction Rebellion Standard Chartered
File picture of members of Extinction Rebellion who were among climate activists that protested at the Barclays bank AGM on Wednesday.
File picture of members of Extinction Rebellion who were among climate activists that protested at the Barclays bank AGM on Wednesday. Photograph: Mike Kemp/In Pictures/Getty Images

Shareholders dealt an embarrassing blow to Barclays’ climate credentials on Wednesday, with almost 20% rejecting the bank’s climate strategy as activists disrupted its annual meeting to protest against the bank’s financing of fossil fuels.

Barclays said on Wednesday that 19.19% of voting shareholders were against the bank’s climate strategy, which set out its plans and progress towards goals to reach net zero emissions by 2050.

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