To promote the long-term success of the
company, given the risks and opportunities
associated with climate change, the company
and the Directors be authorised and directed
by the shareholders to:
1. Set, disclose and implement a strategy,
with further and improved short-, medium-,
and long-term targets, to phase out its
provision of financial services(1)to fossil fuel
(coal, oil and gas) projects and companies(2)
in timeframes consistent with Articles
2.1(a) and 4.1 of the Paris Agreement(3)
.
2. Report annually on progress under that
strategy, starting from 2022, including a
summary of the framework, methodology,
timescales and core assumptions used,
omitting commercially confidential or
competitively sensitive information, and at
reasonable cost.