Skip to Primary Navigation

Skip to main content

JPMorgan, Citi, RBC reach deals with NYC on new climate finance metric

Image of electrical power lines.
Photo: Justin Sullivan/Getty Images

Julie DiMauro

1 min read
Click to share on Facebook (Opens in new window/tab) Click to share on X (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Three of the largest North American banks will publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for banking.

New York City Comptroller Brad Lander announced agreements with three major North American banks, including JPMorgan Chase, Citi and RBC, to publicly disclose a new climate reporting metric outlining their ratios of clean energy to fossil fuel finance.

The new agreements follow the filing of shareholder resolutions in January by

, , , , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience