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UBS shareholders back bank’s climate roadmap -Breaking

by Mike Robinson

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© Reuters. Climate activists from Campax, Collective Climate Justice and others display banners at a demonstration ahead of the UBS general shareholders meeting. Zurich (Switzerland), April 6, 2022. REUTERS/Arnd Wiegmann

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ZURICH, (Reuters) – UBS shareholders voted Wednesday to approve the bank’s climate roadmap. This was after it had faced resistance from investors and campaigners who felt that it wasn’t going far enough.

All in all, 77.74% shareholder votes supported Switzerland’s largest bank’s proposal on climate change. It set interim goals to move towards net zero emission by 2050.

It was among the lowest-approval rates for any proposal made to shareholders at the bank’s annual general meetings.

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