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Canada’s bank boards need more climate expertise, fewer fossil fuel entanglements

Corporate Knights

This is particularly important with the major gatekeepers of Canadian capital, our big banks, which will make or break Canadas achievement of net-zero depending on whether they continue to allocate capital to the polluting status quo or else pivot quickly to financing climate solutions.

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Deutsche Bank Releases New Framework to Classify Sustainable Finance and Investment

ESG Today

Deutsche Bank announced the release of a new Sustainable Finance Framework, outlining the methodologies and procedures, including the environmental and social criteria and categories, used by the bank to classify transactions and financial products as “sustainable.”

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Deutsche Bank Issues Inaugural €500 Million Social Bond

ESG Today

Deutsche Bank announced today that it has raised €500 million through its first-ever social bond offering, with proceeds aimed at supporting the bank’s sustainable asset pool which provides financing for areas including affordable housing, and access to essential services for elderly or vulnerable people.

Banking 99
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The Global 100 list: How the world’s most sustainable corporations are driving the green transition

Corporate Knights

While many companies, particularly in the fossil fuel and banking sectors, resist any major departure from their lucrative business-as-usual path, the leaders are doubling down on sustainability. In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior.

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IFC Issues $2 Billion Social Bond to Fund Projects in Emerging Markets

ESG Today

World Bank Group member the International Finance Corporation (IFC) announced today that it has raised $2 billion in a new social bond offering, with proceeds aimed at funding projects supporting low-income communities in emerging markets.

Banking 104
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Global Market Adoption of WELL Surges: More Than 5 Billion Square Feet of Space Now Uses the World’s Leading Standard for Healthy Buildings and Healthy Organizations

3BL Media

Looking forward, WELL is poised for even faster adoption, bolstered by signature partnerships, global policy advancements and an increased focus on social sustainability. Beyond formal reporting, WELL has also been included in over 200 ESG, CSR and sustainability reports since 2018.

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MUFG Releases New Sustainable Finance Framework

ESG Today

Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG) announced the release of its new Sustainable Finance Framework, setting out eligible categories of environmental and social projects funded through the bank, financed through the issuance of Green, Social, and Sustainability bonds and loans.

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