A coalition of investors overseeing a combined $4.2 trillion of assets are asking the world’s biggest banks to take more aggressive action in addressing climate change and biodiversity decline. Aviva Investors, Fidelity International and M&G Investments were among 115 investors that wrote to 63 banks, including JPMorgan Chase & Co., Deutsche Bank AG and Standard Chartered Plc, to take several steps beyond what they’ve already committed to doing , including a complete exit from all coal finance by 2040 at the latest. The investors also requested that banks publish short-term climate targets before their annual shareholder meetings next year, and identify and disclose their impacts and dependencies on biodiversity. The fund managers said banks can play a key role in enabling the low-carbon transition and helping avert the worst consequences of climate change and biodiversity loss. It’s also in their own self interest to throw their weight behind efforts […]