'Not Ready': Investors Chop Down Deforestation Action

‘Not ready’: investors chop down deforestation action

A major bank has struck a conciliatory tone with shareholder activists after they failed to get the business-focused group to commit to more action on deforestation. Two resolutions put up by the Australian Conservation Foundation overwhelmingly failed at National Australia Bank’s annual general meeting on Friday, with more than 85 per cent of votes against. The board had recommended that shareholders reject them. Deforestation, the permanent c…

'Not ready': investors chop down deforestation action

National Australia Bank shareholders have rejected resolutions related to deforestation, but its chairman says he has concerns about the practice.