Citigroup, JPMorgan and Royal Bank of Canada (RBC) will disclose a new climate metric under agreements between New York City Comptroller Brad Lander and the three large North American banks. In return, retirement funds Lander helps run have withdrawn shareholder resolutions at each bank calling for the disclosures. The new transparency will help investors "more effectively measure how well they are or aren't living up to their commitments," Lander said in a statement.
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