Three of New York City’s Retirement System pension funds, and City Comptroller Brad Lander announced that they have filed proposals at four major North American banks calling on them to set and disclose 2030 goals to reduce emissions from financing activities for carbon-intensive sectors.
The proposals, targeting Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada (RBC), specifically call on the banks to set science-based targets for absolute emissions reductions from their lending and underwriting of the oil and gas and power sectors.
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