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Mark Carney’s net-zero banking alliance backtracks on compulsory climate targets

Corporate Knights

Just a year ago, Mark Carney inspired optimism among climate finance campaigners by founding a new alliance of banks and other financial institutions that pledged to decarbonize their portfolios. Banks and investors cannot wish away the terrifying math of the global 1.5°C Photo by Bank of England/Flickr.

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Scotiabank's Net-Zero Research Fund Now Accepting Applications in Celebration of World Environment Day

3BL Media

DESCRIPTION: TORONTO, June 13, 2022 /3BL Media/ - In celebration of World Environment Day, Scotiabank is announcing that from now until July 14th, Scotiabank's Net-Zero Research Fund is accepting funding applications from think tanks and academic institutions that are supporting key sectors in their efforts to decarbonize the economy.

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Public Policy Forum urges government to help finance oil and gas emission reductions

Corporate Knights

In a report released March 16, the Public Policy Forum laid out a “leadership blueprint” for Canada’s net-zero transition that urges the federal government to help finance the sector’s efforts to reduce emissions. However, he added, the decarbonization effort must speed up. We’re just not moving with the haste we need to move.

Net Zero 263
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Most Canadians want their investments to align with climate action

Corporate Knights

Yet many Canadian banks, pension funds, insurers and large companies still underinvest in clean energy and disproportionately invest in oil, gas and coal. The bill is finally being debated in the Standing Senate Committee on Banking, Commerce and the Economy. Climate finance policies like CAFA have support. What is needed now?

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All Systems go for Net Zero

Chris Hall

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

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New Report Finds Half of All Credit Union Industry Assets at Risk From Climate Change

3BL Media

Offering an important alternative to commercial banks and non-bank financial services providers, credit unions are an integral part of the U.S. consumer finance system. There are almost five thousand credit unions throughout the country, serving more than 130 million people and representing over $2 trillion in assets.

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Switzerland Launches Climate Scores for Investment Products and Portfolios

ESG Today

The council is requesting, on a voluntary basis, that banks, asset managers and insurance companies apply the scores to their client portfolios and investment products, enabling investors to better assess the climate alignment of their investments, identify climate transition opportunities, and meet their own sustainability goals.

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