Canada Banks Keep Climate Pledges as Rival RBC Drops Targets

Canada Banks Keep Climate Pledges as Rival RBC Drops Targets

Royal Bank of Canada’s decision to drop its sustainable finance commitment has sparked speculation that other major Canadian players could quietly walk away from their own goals on climate-related lending, underwriting and advisory work.

Are Intact’s Fossil Fuel Commitments Still Intact?

Intact Financial just released its 2024 ESG report in time for its AGM today. In our analysis of the company’s net zero progress last year, we highlighted signals of leadership, including its pledge to divest from coal companies without a 2035 exit plan and to remove oil and gas firms from its investment universe by 2024 if they failed to demonstrate credible transition progress. But in 2024, following Canada’s most expensive year ever for insur…