Summary by Moomoo AI
The Comptroller of the City of New York, representing various New York City retirement systems, has submitted a notice of exempt solicitation to the U.S. Securities and Exchange Commission, advocating for Bank of America shareholders to support Proposal 7 at the upcoming annual meeting on April 24, 2024. This proposal calls for the bank to disclose a Clean Energy Supply Financing Ratio, a measure of transparency in clean energy financing. The New York City Retirement Systems (NYCRS) has successfully reached similar agreements with three out of six targeted banks, including the Royal Bank of Canada, Citi, and JPMorgan. The Office of the New York City Comptroller has updated its presentation materials to reflect these developments and to provide specific information on Bank of America's fossil fuel strategy and climate-related financial disclosures. The revised presentation is available online, and the changes are highlighted for clarity. The notice emphasizes that this is not a solicitation for proxy voting authority and proxy cards should not be sent to them.