Skip to content
Subscriber Only

Jupiter Backs Barclays Shareholder Resolution on Climate Change

  • Barclays has attracted criticism for its fossil fuel financing
  • Investors will vote on campaign’s proposals at meeting in May

Jupiter Asset Management has thrown its weight behind a shareholder campaign urging Barclays Plc to set out how it will stop financing energy firms that don’t align with the Paris Agreement climate goals.

The London-based fund manager joins around a dozen institutions including Amundi SA to back what supporters say is the first climate change resolution at a European bank. The proposal, which was announced in January and co-ordinated by the U.K. nonprofit ShareAction, will face a shareholder vote at Barclays’s annual meeting in May.