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Credit Suisse Shareholders Reject a Proposal for More Climate Disclosure

Demonstrators hold placards and banners during a climate protest outside the Credit Suisse headquarters in Zurich.
Demonstrators hold placards and banners during a climate protest outside the Credit Suisse headquarters in Zurich.Photographer: Pascal Mora/Bloomberg

Credit Suisse Group AG shareholders rejected an attempt to force the Swiss bank to disclose more on its efforts to tackle climate change and reduce financing for fossil fuels.

A proposal submitted by the Ethos Foundation, ShareAction and 11 institutional shareholders to have the bank’s constitution amended was defeated by 77.21% of those represented at Friday’s annual shareholder meeting.