RBC Adds “Decarbonization Finance” Category for Hard-to-Abate Sectors to Sustainable Finance Framework
ESG Today
MARCH 11, 2024
The bank introduced criteria for activities to be eligible under the new category, including the activity being an eligible decarbonization activity and the client having a sufficiently robust transition plan. RBC set a goal in 2021 to mobilize $500 billion in sustainable finance by 2025. ”
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