Major U.S. Banks Call for Leadership in Addressing Climate Change

Six major U.S. banks – Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo – have issued a joint statement calling for cooperation among governments in reaching a global climate agreement.  The statement, published today by the sustainability advocacy nonprofit Ceres, voiced support for policy frameworks that “will provide greater market certainty, accelerate investment, drive innovation in low carbon energy, and create jobs.”

The banks said that their institutions are collectively “committing significant resources toward financing climate solutions” and added that “clear, stable and long-term policy frameworks are needed to accelerate and further scale investments.”

“Financial institutions have a critical role to play in financing the transition to a low-carbon future,” said Mindy Lubber, President of Ceres and director of its $13 trillion Investor Network on Climate Risk.  “As U.S. negotiators enter climate talks in Paris, they can say with confidence that the business and financial community in this country is ready for government leadership to address climate change.”

In today’s statement, the banks said they are “aligned on the importance of policies to address the climate challenge.”  They also expressed ambition to continue investing directly in climate change mitigation efforts to make cities and communities more resilient.

Read more at Major U.S. Banks Call for Leadership in Addressing Climate Change