NYC pension plans reach deal with RBC to publish green-funding ratio

The agreement with Royal Bank follows similar pacts with New York-based JPMorgan Chase & Co and Citigroup Inc. — Bloomberg

NEW YORK: New York City pension plans reached an agreement with Royal Bank of Canada for the lender to disclose how much financing it provides for clean-energy projects relative to fossil fuels.

Canada’s largest bank is the third financial giant to agree to begin disclosing the ratio after New York Comptroller Brad Lander and the city’s public-pension boards filed shareholder resolutions with six banks in January.