See coverage in Bloomberg, Financial Post, Canada's National Observer, Reuters, ESG News, Corporate Knights, BNN Bloomberg, The Canadian Press, Yahoo News
FinanceMap’s 2024 assessment of the Big Five Canadian banks shows that the firms are undermining their own net zero commitments through their financing activities, lack of robust sector financing policies, and inconsistent policy engagement. This is despite all five banks (Royal Bank of Canada, Toronto-Dominion Bank, Scotiabank, Bank of Montreal, and Canadian Imperial Bank of Commerce) being signatories to the Net Zero Banking Alliance (NZBA).
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