Special resolution  Barclays PLC 2020 annual general meeting (AGM)

ClientEarth argues that Barclays PLC faces systemic economic, reputational, and legal risks by continuing to finance fossil fuel companies. The organization urges the bank's directors to support a shareholder resolution to phase out financial services for energy and utility companies that do not align with the Paris Climate Agreement, noting that Barclays is currently the largest European financier of fossil fuels and lags behind competitors like Standard Chartered and RBS in its strategic climate response.

• ClientEarth supports a shareholder resolution directing Barclays to establish and disclose targets to phase out financial services for electric and gas utility companies and the energy sector that are not aligned with Articles 2.1(a) and 4.1 of the Paris Climate Agreement.
• The document asserts that Barclays faces significant economic risks from climate change, including systemic impacts that could cause trillions in damages and market mispricing due to non-linear changes. It notes that the Bank of England has identified these systemic risks as requiring urgent strategic action within the banking sector.
• Barclays is described as the largest European financier of fossil fuels and is characterized as lagging behind competitors such as RBS and Standard Chartered, who are implementing policies to reduce financial services to the most harmful companies.
• ClientEarth argues that failing to adopt the resolution poses a reputational risk, potentially making the bank appear hypocritical given its status as a signatory to the Principles for Responsible Banking.

APA

ClientEarth (2020). Special resolution  Barclays PLC 2020 annual general meeting (AGM). https://www.clientearth.org/media/reajtgi2/clientearth-letter-to-nigel-higgins-of-barclays-plc-redacted-ce-en.pdf

Chicago

ClientEarth. Special resolution  Barclays PLC 2020 annual general meeting (AGM). 2020. https://www.clientearth.org/media/reajtgi2/clientearth-letter-to-nigel-higgins-of-barclays-plc-redacted-ce-en.pdf.

Wikipedia

{{cite press release |author=ClientEarth |title=Special resolution  Barclays PLC 2020 annual general meeting (AGM) |date=24 February 2020 |url=https://www.clientearth.org/media/reajtgi2/clientearth-letter-to-nigel-higgins-of-barclays-plc-redacted-ce-en.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{clientearth2020special, author = {{ClientEarth}}, title = {{Special resolution  Barclays PLC 2020 annual general meeting (AGM)}}, publisher = {ClientEarth}, year = {2020}, month = feb, url = {https://www.clientearth.org/media/reajtgi2/clientearth-letter-to-nigel-higgins-of-barclays-plc-redacted-ce-en.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }