New York City pension funds urge major banks to raise climate goals

The top manager of the pension funds in NYC demands the country’s major banks to seek stricter climate target goals.

Pension funds in New York demand major American banks to follow the footsteps of Citigroup in regards to climate ambitions. | Photo: Robert Galbraith

BY STEFAN NYGAARD HANSEN, TRANSLATED BY KATRINE GØTHLER

New York City pension funds suggest that major American banks, such as JPMorgan, Goldman Sachs and Bank of America, set more aggressive target goals to reduce carbon emissions by 2030 in their lending portfolios, news agency Reuters writes.

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New York City pension funds urge major banks to raise climate goals

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Front page now

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Nordic institutional investors still see potential in beleaguered Swedish battery producer

Storeband increases stake in Danish infrastructure manager to become majority owner

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Expansion of Nordic team has paid off: Inflows to all core products for US manager