Sparklines

Do as Banks Say—and, Hopefully, as They Do

The world’s largest financial institutions are all saying the same thing: It’s time to factor in climate change.

Photographer: Daniel Acker/Bloomberg
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As this newsletter hits your inbox, President Joe Biden will be convening his Leaders Summit on Climate, to which the White House has invited 40 world leaders to “galvanize efforts by the major economies to tackle the climate crisis.” Biden is expected to announce plans to reduce U.S. greenhouse gas emissions by at least half from 2005 levels by 2030, a near-doubling of the climate target set for 2025 by the Obama administration.