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National Bank, CIBC Commit to Tracking Key Climate-Financing Measure

National Bank and CIBC will measure their fossil fuel versus renewable energy financing by 2027 amid shareholder pressure; Canadian banks financed 61 cents in renewables per dollar to fossil fuels in 2024.

Summary by The Globe & Mail
Banks say they will measure energy supply ratio but did not commit to publicly disclosing it

6 Articles

The Globe & MailThe Globe & Mail
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National Bank, CIBC commit to tracking key climate-financing measure

Banks say they will measure energy supply ratio but did not commit to publicly disclosing it

·Canada
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Banks moving forward on measuring key climate financing measure

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St Catharines Standard broke the news in Welland, Canada on Thursday, March 19, 2026.
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