New York City pension funds call for absolute greenhouse gas emission targets at RBC

The shareholder proposals call for an absolute reduction target aligned with a science-based net-zero emissions pathway and request a report within one year

The pension funds backing the plan are the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System.The proposals filed at Goldman Sachs, JPMorgan Chase and Royal Bank of Canada request the absolute GHG emissions targets cover lending and underwriting for oil and gas and power generation sectors.

At Bank of America, the proposal co-filed with the New York State Common Retirement Fund asks the emissions reduction targets cover lending and underwriting in the company’s energy sector.Your Globe

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