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TOKYO EOS at Federated Hermes has yet to decide if it will back a shareholders’ resolution sponsored by activists seeking to push Mitsubishi UFJ Group (MUFG) to align itself with global climate change goals, the asset manager said.
EOS Hermes, which is in talks with the bank, spoke exclusively to Reuters after MUFG said this week that it aimed to achieve carbon neutrality in its lending by 2050.
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“We believe the wording and request of the shareholder resolution appear sensible and in line with our engagement with the bank,” said Sachi Suzuki, Japan lead engager for EOS Hermes, which has assets of $1.5 trillion under advice.
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Hermes says yet to decide on MUFG climate shareholder resolution
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