Citigroup and Bank of America Join Morgan Stanley in Commitment to Publicly Disclose GHG Emissions From Loans and Investments
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Q2 2020 hedge fund letters, conventions and moreCitigroup And Bank of America Will Now Disclose GHG Emissions
BERKELEY, CALIFORNIA—JULY 30, 2020— Citigroup and Bank of America announced Wednesday that they could join the Partnership for Carbon Accounting Financials, a worldwide platform for financial institutions to quantify and disclose the emissions out of their financing and investment portfolios. Last week, Morgan Stanley became the primary international U.S. bank to devote to the initiative.Simply click on the menu below to execute sorting purposes. Page is updated quite often so please come back or bookmark the webpage. This database is complied by scouring countless websites, emails and last but not least Valuewalk’s elite exclusive resources system. We think we’ve got the MOST extensive source on the market of what is Read More
Danielle Fugere, president of As You Sow, made the following announcement:
“Citi and Bank of America’s decision to join Morgan Stanley in committing to disclose emissions represents great progress. This chain of announcements demonstrates the mainstreaming of the financial sector’s need to take responsibility for its massive carbon footprint. These announcements represent a clear signal that carbon-heavy investments have no future.”
Lila Holzman, energy program manager of As You Sow, made the following announcement:
“We are pleased to finally see this movement within the financial sector. Investors have increasingly asked banks to address their significant contribution to climate change — measuring and disclosing emissions is a critical first step. We look forward to seeing the banks follow through on this commitment and recognize this as the precursor for setting targets to reduce portfolio emissions in alignment with the Paris Climate Agreement.”
To learn more on As You Sow’s work on climate change, click here.
As You Sow is a nonprofit organization that promotes social and environmental corporate responsibility through shareholder advocacy, coalition building and advanced lawful strategies.Click here to see As You Sow’s Visitor settlement tracker.