US banks lag behind peers on climate action, says study

Ahead of COP27, environmental campaigner Sierra Club has published a report examining the climate pledges made by the six largest banks in the US.

It examined net-zero commitments, interim targets and exclusion policies of JPMorgan Chase, Citi, Wells Fargo, Bank of America, Morgan Stanley and Goldman Sachs, which are all members of the Net Zero Banking Alliance (and, therefore, of the Glasgow Financial Alliance for Net Zero – read about the latest Gfanz drama here.)