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AAP
AAP
Derek Rose

Westpac shareholders question bank's climate plan

Westpac has substantially reduced lending to fossil fuel emitters, chief executive Peter King says. (Joel Carrett/AAP PHOTOS)

Westpac executives have caught another earful from shareholder activists who are disappointed the country's oldest bank is not doing more to distance itself from fossil fuel companies.

Shareholders have again handily rejected an effort brought by activist group Market Forces related to climate change, with a preliminary tally indicating the first of two resolutions on the matter would receive about 6.6 per cent of the vote at Friday's annual general meeting.

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