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Canada’s Big Five banks keep moving further away from net-zero

Corporate Knights

A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. The Big Five banks have taken little voluntary action to align their business practices with their own net-zero commitments,” states the report by InfluenceMap , a global corporate research think tank based in London.

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How the Big Five banks are quietly squeezing billions out of Canadians

Corporate Knights

In contrast with the top five banks in the United States, which hold just over a third of the market, Canada’s Big Five famously dominate around 90% of the market for financial services. All the while, Canadian banks are quietly pulling in billions a year on a yawning gap between the rates paid to savers and charged to borrowers.

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Insights from green banking: What keeps customers from switching banks?

GreenBiz

Insights from green banking: What keeps customers from switching banks? ESG may be all the rage, but what about retail banking? The deposits you make at your retail bank for personal and business accounts sustain the bank’s ability to make loans and investments. Diane Osgood. Wed, 02/17/2021 - 00:05. is 16 years.

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Bank financing for fossil fuels dips second year in a row

Corporate Knights

The 60 largest banks in the world have provided US$6.9 Despite these alarming overall figures, bank lending and underwriting for coal, oil and gas fell for a second consecutive year in 2023, dropping 9.4% But she says it’s too early to conclude that banks have reached peak fossil fuel financing. based bank JP Morgan Chase.

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Solar banks and efficiency upgrades promise to address energy inequality

Renew Economy

Federal and New South Wales governments tip $206m into energy upgrades for social housing, and launch Solar Banks scheme for homes unable to access solar. The post Solar banks and efficiency upgrades promise to address energy inequality appeared first on RenewEconomy.

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'Climate-safe banking': New guide targets indirectly financed emissions from cash holdings

GreenBiz

New Greening Cash Action report details how firms hold 'major lever' that could ensure banks use companies' cash to support wider climate goals and accelerate the green finance transition.

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Coastal Second Harvest Food Bank Awarded Grant From Duke Energy Foundation

3BL Media

(Second Harvest Food Bank of Central Florida issued the following news release.) April 18, 2024 /3BL/ - Second Harvest Food Bank of Central Florida recently received a $27,000 grant from Duke Energy Foundation through the Powerful Communities program. Funding expands hunger relief capabilities in central Florida ORLANDO, Fla.,

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