Establishes the "climate safe and responsible bank procurement act" to create standards for the purchasing of bank services.

The bill establishes the "climate safe and responsible bank procurement act" which creates standards for the purchasing of bank services. It amends the state finance law to add procurement guidance for banking services, requiring agencies to consider specific criteria when making purchasing decisions. These criteria include whether a bank discloses its clean energy supply financing ratio, has policies against supporting coal projects, and has a plan for achieving net zero carbon emissions by 2050.

Establishes the "climate safe and responsible bank procurement act" to create standards for the purchasing of bank services.

The bill establishes the "climate safe and responsible bank procurement act" which creates standards for the purchasing of bank services. It amends the state finance law to add procurement guidance for banking services, requiring agencies to consider specific criteria when making purchasing decisions. These criteria include whether a bank discloses its clean energy supply financing ratio, has policies against supporting coal projects, and has a plan for achieving net zero carbon emissions by 2050.