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Are you greenwashing, wishing or walking?

GreenBiz

Are you greenwashing, wishing or walking? Helle Bank Jorgensen. Many boardrooms around the world are presented with net-zero goals. Let’s stop greenwashing and green-wishing, let’s start green-walking — or rather, running "as if your life depends on it." Thu, 07/15/2021 - 00:01. Many are asked to nod to those goals.

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Are the ESG departments of Canada’s Big Five banks a ‘$2-trillion placebo’ for an ailing planet?

Corporate Knights

In 2022, the Canadian Competition Bureau launched an investigation into whether the Royal Bank of Canada’s advertisements amounted to greenwashing. Now it might be the Ontario Securities Commission’s turn to look into the bank’s green claims. And that’s a problem, Price says. “We

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What’s in your ‘transition fund’? Poor transparency puts investors at risk

Corporate Knights

The accelerating transition away from fossil fuels and toward electrification and renewable energy presents both risks and opportunity to investors. Each of Canadas big six banks were involved in sustainably labelled transactions that financed the expansion of fossil fuel infrastructure. Brookfield is not alone in this.

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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. The displeasure, especially by large North American banks, threatens to rupture the increasingly fragile alliance. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

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RBC Drops $500 Billion Sustainable Finance Target

ESG Today

Royal Bank of Canada (RBC) announced that it has decided to drop its target to mobilize $500 billion in sustainable finance, and has held off on providing some climate finance-related disclosures, following changes to greenwashing regulations in Canada. RBC set a goal in 2021 to mobilize $500 billion in sustainable finance by 2025.

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A new plan to kick-start the energy transition at Canadian companies

Corporate Knights

Each are required not only to prevent greenwashing, but also to give investors, lenders and insurers the information they need to keep pace as economies evolve with the changing climate. Some see it as yet another think tank, though Arnold denies that the term applies.

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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

The taxonomy will be used as a benchmark for banks, pension funds and other financial institutions that have their own climate targets and want to align their lending and investment with a net-zero target for 2050. However, OSFI does not intend to regulate the banks’ own lending and investment practices to ensure they are consistent with 1.5°C

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