READOUT: U.S. Department of the Treasury Senior Leadership Meets with Financial Institution Leaders to Discuss Net-Zero Transition Planning Efforts.

NEW YORK – Today, Treasury Secretary Janet Yellen, Under Secretary for Domestic Finance Nellie Liang, and Climate Counselor Ethan Zindler met with leaders from a range of financial institutions.  The discussion focused on voluntary best practices and challenges related to developing and implementing net-zero commitments, supporting client and portfolio company transition-related efforts, and mobilizing additional private finance towards the clean energy economy. Earlier in the day Treasury released its Net-Zero Principles for Financing & Investment. 

Attendees present included representatives from Amalgamated Bank, BlackRock, Citigroup, Energy Impact Partners, HSBC, Kohlberg Kravis Roberts & Co (KKR), Neuberger Berman, New York State Common Retirement Fund, RockCreek, and Wellington Management Company.