A group of investors representing over $1.5 trillion in assets under management sent demand letters on Feb. 7 to five of Europe’s biggest banks, calling on them to stop financing fossil fuel firms by the end of 2023.
ShareAction—an investment group whose website states that its “vision is a world where the financial system serves our planet and its people” by driving change until its high standards for responsible investment “are adopted worldwide”—coordinated the letters that were backed by up to 30 investors, according to a ShareAction news statement.
