NEW YORK – Today, Citi published its latest annual climate-related disclosures report, which reveals for the first time how it is assessing the transition plans of high-emitting clients, and reports the emissions resulting from its capital markets underwriting activities in high-emitting sectors.
Today, BlackRock released CEO Larry Fink’s annual chairman’s letter. Two central themes of the letter are on helping Americans save for retirement and the important role that capital markets play both in retirement savings and economic development.
In response, Jessye Waxman, Senior Campaign Strategist in the Sierra Club Fossil-Free Finance campaign said:
NEW YORK – This week, Citigroup has joined JPMorgan Chase in agreeing to disclose its relative levels of financing for low-carbon energy versus fossil fuels — also known as an energy supply financing ratio — in response to
Concerns Raised About Recent Litigation Launched by Exxon Against Shareholders
Final Rule Significantly Curtailed Emissions Disclosure Requirements Despite Widespread Support
Move comes just one month after state received C+ grade in Sierra Club report
Sierra Club and Earthjustice considering legal actions in response to the rule
Citi, Bank of America, JPMorgan Chase and Wells Fargo Leave Equator Principles
Announcement Puts Asset Manager's Poor Climate Practices in the Spotlight
Sierra Club analysis details the growing role of bond financing in propping up companies behind carbon bombs like the Willow Project, Mountain Valley Pipeline
NEW YORK — Today it was reported that JPMorgan Asset Management and State Street Global Advisors are departing from the Climate Action 100+ initiative, which comprises hundreds of institutional investors with tens of trillions of dollars under management that have committed to engage with major corporate polluters on climate disclosures and actions.
Fossil fuel financing restrictions contrast with lack of progress, backtracking from U.S. banks