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TORONTO (Reuters) - Some of Canada s biggest banks have announced plans to achieve net-zero financing emissions, that is, reducing funding for emission-producing activities in their lending and underwriting books, by 2050. An outline of how they intend to get there. For a related story:
ROYAL BANK OF CANADA
RBC said in February it aims to achieve net-zero emissions in its lending operations by 2050 and increased its sustainable financing commitment to C$500 billion, from its previous C$100 billion, by 2025. It is working on setting interim targets and expects to measure and disclose financed emissions for key sectors starting in 2022.
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