Press Releases

Advocacy Groups Signal Support for SEC Climate Disclosure Rule

70+ groups, nearly 15,000 Sierra Club members submit comments supporting federal agency’s draft rule requiring publicly traded companies to acknowledge greenhouse gas emissions, climate-related financial risks

UN’s Race to Zero Campaign Raises the Bar on Limiting Fossil Fuel Expansion

The Race to Zero campaign’s new criteria are a major step forward, and makes clear that in order for the net-zero commitments at financial institutions to be credible, they must explicitly commit to phase out financing for new fossil fuels.

Grandes Inversionistas de Chase Fracasan en Intento de Exigir Responsabilidades Climáticas al Gigante Financiero

Esta mañana, los accionistas de JPMorgan Chase fracasaron en su intento de aprobar resoluciones climáticas claves, al rechazar propuestas que hubieran obligado al banco acabar su apoyo al desarrollo de nuevas explotaciones de combustibles fósiles y para establecer objetivos absolutos de reducción de la financiación de emisiones de efecto invernadero.

Investors Fail to Hold Chase Accountable on Climate, but Activists Applaud Levels of Support ‘Difficult to Ignore’

NEW YORK — This morning, JPMorgan Chase shareholders failed to pass two key climate resolutions, voting down proposals to push the bank to end its support for new fossil fuel development and to set absolute targets for reducing its financed greenhouse gas emissions. Despite the outcome, climate activists applauded the final votes, as well as shareholder votes on unprecedented climate resolutions at other big U.S.

At Next Week’s Shareholder Meeting, Chase Faces Two Key Climate Resolutions

When JPMorgan Chase faces its shareholders this Tuesday, the bank will face votes on two key shareholder resolutions pushing the bank to clean up its act on climate.

Wells Fargo is the Last of the Big US Banks to Set 2030 Emissions Targets

Today, Wells Fargo announced new 2030 targets to reach its commitment to net-zero financed emissions by 2050. The plan includes a commitment to reduce absolute financed emissions from the oil and gas sector by 26% and financed emissions intensity from the power sector by 60%. These targets do not explicitly prevent the bank from financing fossil fuel expansion.

Climate Resolutions Garner Unprecedented Support at Big Banks’ Shareholder Meetings

This morning, shareholders at Citi, Bank of America, and Wells Fargo voted 12.8%, 11%, and 11%, respectively, in support of groundbreaking resolutions pushing the banks to end their support for new fossil fuel development. Any resolution that receives at least 5 percent of the vote is eligible to be refiled next year, and anything that receives 10 percent or more is considered difficult for a company to ignore.

MEMO: As Shareholder Season Kicks Off, Big US Banks Face Growing Climate Pressure

For the first time, the six biggest US banks – Bank of America, Wells Fargo, Citi, JPMorgan Chase, Morgan Stanley, and Goldman Sachs – are all facing votes on shareholder resolutions pushing them to end their support for new fossil fuel development.

Over 100 Organizations Escalate International Climate Campaign on Vanguard

Today, in an open letter to Vanguard CEO Tim Buckley, over 100 organizations representing over 6 million people called on the world’s second-largest asset manager to enact the visionary financial leadership that is needed to meet the scale and urgency of the climate crisis. The letter comes with the launch of Vanguard S.O.S., an international climate campaign made up of civil society organizations, finance experts, grassroots groups, and climate activists, many of whom pushed BlackRock to start tackling its climate problem with the BlackRock’s Big Problem campaign.

Bank of America is the Latest Bank to Set 2030 Emissions Targets With No Plan for Absolute Reductions or Phasing out Fossil Fuel Finance

Today, Bank of America announced new 2030 targets to reach its commitment to net-zero financed emissions by 2050. The interim targets set goals to reduce the emissions intensity from its auto manufacturing, energy, and power generation portfolios. The bank does not set absolute emissions targets.