Responsible investment charity ShareAction is urging shareholders to vote against Credit Suisse’s climate policy, which it says is “not fit for purpose” and will not turn the bank net zero by 2050.

In its revamped ‘Say on Climate’ plan, published alongside its annual results on 14 March, the Swiss bank set five additional targets to curb emissions for the power generation, commercial real estate, iron and steel, aluminium, and automotive sectors.