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Advocates blast RBC's new climate targets as 'greenwashing'

Corporate Knights

The Royal Bank of Canada is out with a long-awaited net-zero strategy that sets a far softer target than the emerging international standard for financial institutions, while touting its ability to engage with clients in the fossil fuel sector and beyond to drive emission reductions. Brooks asked in an email.

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Parliament grilled Canada's Big Five banks on their fossil fuel financing - here's why it matters

Corporate Knights

Last month there was a rare meeting, where the chief executives of Canada’s five largest banks testified before Parliament about their climate commitments. Policymakers confronted the banks’ credibility on their stated climate targets. Canada should follow suit.

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ESG Today: Week in Review

ESG Today

million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more.

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The rental market has a carbon problem - here's how to solve it

Corporate Knights

Some landlords have struggled to comply with strict decarbonization regulations cropping up in jurisdictions like British Columbia and California, among them building code requirements to “fuel switch” (i.e., That means it is tapping the earth’s heat, rather than conventional gas-fired boilers, to warm and cool the building’s interior spaces.

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EU Regulators Find Growing Greenwashing Risk for Banks, Asset Managers

ESG Today

The ESAs include The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA). Banking regulator EBA found a “clear increase in the total number of potential cases of greenwashing.”

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Business-as-usual no Longer an Option for Banks

Chris Hall

Jessye Waxman, Senior Campaign Representative, Fossil-Free Finance Campaign, Sierra Club, says climate-related shareholder resolutions give banks necessary guardrails for transition financing. These claims are a misrepresentation of resolutions that simply aim to reduce banks’ exposure to climate-related risks.

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ESG Today: Week in Review

ESG Today

This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S. This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S.