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“They’re annoying, but their message is important,” said two elegantly dressed gentlemen on their way to lunch. The two are shareholders of the Swiss National Bank (SNB), which held its general meeting on Friday at Kursaal in Bern. You – these are climate activists who extended the shareholder meeting for a good hour with many requests to speak.
Enough to upset Barbara Janom Steiner (60), who chaired the meeting as Chairman of the Bank Council. He tries to stick to his own schedule at all costs, repeatedly threatening to stop the applause after three minutes of speaking time has passed.
investment policy criticism
in vain. Climate activists took over the SNB’s plenary – sweaters mixed in with smart suits. Turbulent times for the National Bank: Together with the Confederation and the Financial Markets Authority, they have just bailed out Credit Suisse and pledged over CHF 200 billion in guarantee and liquidity assistance to its new owner, UBS.
But even though the speakers take turns taking turns every three minutes, there is hardly any question about CS recovery in Kursaal. For example, Asti Roesle of the Climate Alliance urges the SNB to follow the example of other central banks that are far ahead in terms of sustainable investment.
Barbara Neumann, on the other hand, accuses the board of “gapping with the flashers on” rather than rethinking investment policy. And climate strike activist Jonas Kampus, 21, is urging the National Bank to exit the oil and gas industry.
Jordan counters
All climate activists have many different messages: The climate is changing, but the Central Bank’s investment strategy is not. He eventually defended President Thomas Jordan (60). He points out that the SNB’s investment policy has not had a major impact on climate change. It is also not their job to initiate ecological structural change in the world economy.
After all, after the AGM, the executive board meets with the shareholders and also has in-depth discussions with climate activists. With their calm and prudent votes, they almost certainly accomplished more than just street climate stickers. Because about 350 shareholders listened to the activists without much grumbling. As two neatly dressed gentlemen said, your message has arrived.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
