NEW YORK – Today, two major U.S. banks, Bank of America and Goldman Sachs, held their Annual General Meetings (AGMs), where shareholders voted on several investor proposals calling for stronger transparency on energy financing and other climate-related issues.
Each April and May, many major corporations hold their annual general meetings (AGMs), which are an opportunity for shareholders to vote for or against board members, and on resolutions about sustainability concerns and other critical issues.
New York, NY – After successful shareholder engagements, New York City Comptroller Brad Lander and trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems) have reached agreements with JPMorgan Chase, Citi, and the Royal Bank of Canada that the banks will regularly disclose their ratio of clean energy supply financing to fossil fuel extraction financing (Energy Supply Ratio) and their underlying methodology.
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