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‘Not ready’: investors chop down deforestation action
Michael West· 2025-12-12 05:08
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 clearing of land for agriculture, is galvanising environmentalists. ...