The six largest U.S. banks have jointly issued support for a "strong global climate agreement," ahead of a global summit on climate change in Paris in December.
The banks issued the statement on Monday through Ceres, a nonprofit environmental advocacy group, as the United Nations General Assembly is ongoing in New York. Several world leaders have discussed climate change at the General Assembly meetings.
The six banks — Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo — said that they have committed "significant resources toward financing climate solutions" and called on governments to establish "policy frameworks" to encourage additional investments.
"Financing sustainable solutions that matter is central to our business success," Valerie Smith, Citi's director of corporate sustainability said in a Ceres news release. "We are increasingly working with our clients across various sectors to not only manage and mitigate risks but also recognize opportunities associated with addressing climate change."
The banks affirmed that greenhouse gasses are "warming the planet" and are "posing significant risks to the prosperity and growth of the global economy." They called for implementing policies that recognize the high costs of the continued use of carbon.
Several world leaders have discussed climate change on the sidelines of the General Assembly meetings, in advance of a global summit on climate change to be held in Paris in December.