A cohort of investors in Barclays has urged the bank to phase out investments held in fossil fuel companies, filing the first shareholder climate change resolution at a European lender.

UK public pension funds LGPS Central and the Brunel Pension Partnership are among 11 institutional investors, collectively managing £130bn, that have called on Barclays to publish a plan to gradually stop the provision of financial services to companies in the energy sector that are not aligned with the Paris climate agreement.