New York City Pensions' Agreement with RBC on Environmental Funding Disclosures

Thursday, 4 April 2024, 16:35
New York City pension plans have reached a significant agreement with Royal Bank of Canada, requiring the lender to disclose its clean-energy project financing compared to fossil fuel funding. The deal aims to promote transparency and accountability in environmental investments within the financial sector, reflecting a growing trend towards sustainable practices. This collaboration sets a positive precedent for responsible financing and underscores the importance of integrating green initiatives into the investment landscape.
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New York City Pensions' Agreement with RBC on Environmental Funding Disclosures

New York City Retirement Plans' Agreement with Royal Bank of Canada

New York City retirement plans have successfully reached an agreement with Royal Bank of Canada (RBC) concerning the disclosure of clean-energy project financing in comparison to fossil fuel investments.

Key Highlights:

  • Transparency: The agreement aims to enhance transparency in environmental funding within the financial sector.
  • Sustainability: The focus on clean-energy projects reflects a commitment to sustainable practices.
  • Impact: This collaboration sets a positive precedent for responsible financing and green investments in the market.
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