Photo: Nicky Loh/Bloomberg
In-house lawyers at Wells Fargo and Goldman Sachs have successfully fought off climate-related proxy resolutions sought by activist investors with the U.S. Securities and Exchange Commission recently granting the banks' motions to exclude the resolutions from shareholder consideration.
March 19, 2019 at 07:38 PM
1 minute read
senior reporter
The in-house lawyers at San Francisco-based Wells Fargo & Co. and New York City-based Goldman Sachs have successfully fought off climate-related proxy resolutions sought by activist investors.
The proposed resolutions asked the banks to work to reduce the full carbon footprint of their loan and investment portfolios in line with the 2015 Paris Agreement on global warming.
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