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Big European Banks Get Prodded on Climate Promises

big-european-banks-get-prodded-on-climate-promises

Europe’s largest banks have pledged to phase out financing carbon dioxide emissions by 2050. But an activist group supported by big shareholders says the lenders aren’t doing enough to meet their goals.

ShareAction, a London-based nonprofit that coordinates investor campaigns to push banks including Barclays PLC and HSBC Holdings PLC on the environmental action, said the lenders are slow to back their commitments with practical steps.

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