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Campaigners Call for Protest Votes Against NatWest Chair

developing Times Radio UK Edinburgh 15d Impact 5
Shareholder activists, including Share Action, are calling for protest votes against NatWest chair Rick Haytham-Waite. The movement aims to hold the board accountable during the annual general meeting in Edinburgh on April 28. This follows NatWest's decision to reduce restrictions on lending to oil and gas companies. The bank also reportedly dropped several of its decarbonization targets. Critics describe these moves as climate backtracking. Shareholders are protesting NatWest's perceived dilution of its climate leadership position. Involved entities include the Church of England pension board, Rathbos investment, Eden Tree investments, NEST, and Greater Manchester Pension Fund.

Topics

banking climate change shareholder activism

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Sources · 7 independent

Times Radio UK

“campaigners including share action are calling for protest votes against the bank's chair, Rick Haytham-Waite. And as you say, the annual general meeting, it's in Edinburgh tomorrow.”

Times Radio UK

“campaigners including share action are calling for protest votes against the bank's chair, Rick Haytham-Waite. And as you can see, the annual general meeting, it's in Edinburgh tomorrow.”

Times Radio UK

“campaigners including share action are calling for protest votes against the bank's chair, Rick Haytham-Waite. And as you can say, the annual general meeting, it's in Edinburgh tomorrow.”

Times Radio UK

“the protest is very much around the fact that NatWest has spent years presenting itself as a climate leader, but now the shareholders believe that that position has been somewhat diluted.”

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