Treasury Secretary Janet Yellen unveiled a set of principles she’s asking financial companies to follow to lower greenhouse gas emissions.
They include establishing credible metrics and assessing the alignment of the firms’ clients with their own targets, Christopher Condon reports. The principles are aimed at companies that have already made so-called net zero commitments.
“Our goal is to affirm the importance of credible net zero commitments and to encourage financial institutions that make them to take consistent approaches to implementation,” Yellen said at the Bloomberg Transition Finance Action Forum Tuesday.
Janet Yellen, US Treasury secretary, speaks during the Bloomberg Transition Finance Action Forum in New York, US, on Sept. 19, 2023.
Bing Guan/Bloomberg
The principles ask financial institutions to have transition plans …
