05:57 AM EDT, 04/05/2024 (MT Newswires) -- (Updates with comments from Citigroup ( C ) and Royal Bank of Canada ( RY ) in the third and fourth paragraphs.)

Citigroup ( C ) , JPMorgan (JPM) and Royal Bank of Canada (RBC) have agreed to publicly disclose the ratio of their financing of low-carbon projects relative to fossil fuels, New York City Comptroller Brad Lander said Thursday in a post on X.

Separately, Lander said in an interview with Bloomberg that the new climate metric deals with "both sides of the equation," given that a lot of financial institutions have scaled their green investments without reducing their financing for oil and gas.

"We continue to have a constructive dialogue with the comptroller's office, and we plan to include a ratio as an addition to the suite of metrics provided in our climate reporting," Citigroup ( C ) Chief Sustainability Officer Val Smith told MT Newswires in a statement.

Meanwhile, Royal Bank of Canada ( RY ) plans to disclose the ratio in its 2024 Climate Report, according to Vice President of Climate Jennifer Livingstone. "In our most recent climate report, the bank expanded its performance measurement to include additional metrics on our financing of the energy system, with a focus on lending to renewables and other low-carbon energy," Livingstone said in a statement provided to MT Newswires.

JPMorgan ( JPM ) did not respond to MT Newswires' request for comment.