Shareholders Urge JPMorgan Chase, Wells Fargo to Act on Climate

A coalition of investors — Walden Asset Management, Presbyterian Church USA, and First Affirmative Financial Network — led by shareholder advocate As You Sow recently filed climate-focused resolutions with a large segment of the U.S. banking industry, including JPMorgan Chase, Wells Fargo, Bank of America, Goldman Sachs, and Morgan Stanley.

Investor concern is growing regarding banks’ role in contributing to the climate crisis with their lending portfolios. Investors are asking these banks — some of the largest funders of fossil fuels — to immediately take tangible steps to measure, disclose, and reduce the greenhouse gas emissions associated with their fossil fuel lending.

via Shareholders Urge JPMorgan Chase, Wells Fargo to Act on Climate

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