Posted by: Sandy Steinman | March 5, 2024

US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups

The Guardian reports

Citi, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financing.

Four of the world’s biggest banks have left the Equator Principles, a set of minimum industry standards and safeguards for financial institutions to address environmental and social risks in countries where they finance fossil fuel and mining projects.

Read more at US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups | Banking | The Guardian

 


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