UBS shareholders on Wednesday approved the bank's climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough.
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland June 22, 2020. REUTERS/Arnd Wiegmann/shareholders on Wednesday approved the bank's climate roadmap, after its first-ever such vote faced pushback from several investors and climate campaigners as not going far enough.
"Our 'Say-on-Climate' advisory vote is a key milestone on UBS's journey to net zero and as the first bank to have taken this step proactively, we are pleased with this result," UBS said in a statement.The approval rate was the lowest of any of the proposals put to shareholders at the bank's annual general meeting.