JPMorgan Investors Say No to Climate Proposals at Annual Meeting

JPMorgan Chase & Co. shareholders voted against a volley of climate proposals at the bank’s annual meeting on Tuesday.

Activist shareholders proposed a series of resolutions seeking to have the bank adopt sweeping climate commitments. They asked that the bank provide a climate transition plan, commit to a fossil fuel phase-out for its lending and underwriting projects, and report its absolute greenhouse gas reduction goals. Reporting absolute emissions is a more rigid approach than disclosing emissions intensity targets, which measure emissions relative to economic output.

The proposals are the latest in a slew of climate resolutions targeting banks this proxy ...