The New York City Employees’ Retirement System said its bid for the bank to develop and share a clean-energy financing ratio was aimed at providing investors with a standardized, overarching view of the bank’s support for the transition from fossil fuels to renewable energy. Moving away from fossil fuels is a priority under the Biden administration’s environmental policy.
Similar proposals failed earlier this spring at peer megabanks Goldman Sachs and Bank of …
Source: news.bloomberglaw.com
