On the day of its AGM, a group of investors are calling on Italian bank, UniCredit, to start taking climate change seriously.

In an action coordinated by responsible investment charity, ShareAction, a group of investors – including Schroders, Candriam and Storebrand – with over $1.4trillion in assets have sent a letter to the CEO of UniCredit, Jean Pierre Mustier, on the day of the bank’s AGM. They are asking the bank to publicly disclose how it is going to deal with the risks posed by a worsening climate crisis, as well as restricting current coal financing.

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