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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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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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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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Regulatory, Investor Scrutiny Prompts Fall in Greenwashing

Chris Hall

Rising levels of sustainability-focused regulation and investor scrutiny have contributed to a decline in greenwashing activities by companies. A new report from date science firm RepRisk highlighted a 12% year-on-year decrease in companies linked to greenwashing – marking the first fall in six years.

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Why the push to sell LNG as a climate solution is full of hot air

Corporate Knights

It’s been a full court press of advertising, sympathetic columnists presenting one-sided opinions as if they were carefully researched facts , and reports such as the one recently published by the Canadian Chamber of Commerce that wouldn’t survive scrutiny as an undergrad economics assignment.