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ABA: The American Bankers Association
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ABA Statement on Release of U.S. Climate Finance Working Group Principles

Today, ABA joined the U.S. Climate Finance Working Group (which includes 10 other financial trade associations) in releasing a set of principles intended to provide a framework for financing the transition to a low-carbon economy. ABA President and CEO Rob Nichols issued the following statement on the principles this morning:

"America's banks recognize the global challenge posed by climate change, and many are already playing a key role in financing the transition to a more sustainable and inclusive low-carbon economy. The principles released today by the U.S. Climate Finance Working Group offer an important framework for ABA and other financial service trade associations as we engage with policymakers to find common-sense, market-based solutions to these issues. By joining together with our industry peers in this effort, we can ensure that our member banks can participate in the transition in ways that make the most sense for their business, their customers and their communities.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.8 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $19 trillion in deposits and extend $11 trillion in loans.

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Ian McKendry

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