Revealed: The Climate-Conflicted Directors Leading the World s Top Banks
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Revealed: The Climate-Conflicted Directors Leading the World s Top Banks
desmogblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from desmogblog.com Daily Mail and Mail on Sunday newspapers.
Climate conflict : 4 in 5 UK bank directors have connections to high-emitting corporates
An analysis of the activities of directors at the UK s biggest banks has revealed that almost 80% have close ties to corporates in industries linked to climate change and pollution - which could undermine their net-zero commitments.
Almost one-quarter of the directors analysed have a close link to the fossil fuel sector
Conducted by investigative environmentalist platform DeSmog, the analysis covered 64 incumbent directors at the UK’s biggest banks, including Barclays, HSBC, Lloyds, Standard Chartered and Natwest.
It concluded that almost one-quarter of the directors have a current or past connection to the fossil fuel industry. Links include being a current director or advisor, or a former senior-level employee, or holding significant amounts of shares.