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Complacency on climate change is 'the larger gamble' for corporations


The Globe and Mail
Jameson Berkow
Published February 11, 2021
Richard Vogel/The Associated Press
Plans to combat climate change are quickly evolving from nice-to-have to necessary for survival in the corporate world.
Pledges to go carbon-neutral, once billed as bold acts of environmental leadership, are now key to maintaining a competitive edge across many sectors.
“We have entered a phase where staying with the status quo is now the larger gamble,” says Matthew Hoffman, a political-science professor at the University of Toronto and co-director of its Environmental Governance Lab.
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“The entire business environment is now climate-constrained. There are enough trend lines in terms of market signals, policy signals and social signals that we should be seeing more announcements” around net-zero emission. ....

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Is the Bank of Canada's new boss living up to his climate change credentials?


The Globe and Mail
CAMERON FRENCH
Published February 10, 2021
Sean Kilpatrick/The Canadian Press
When Tiff Macklem took over as Bank of Canada governor in June he brought the requisite credentials in government and academia, including a past stint as deputy governor of the central bank.
But more important to some are his ‘green’ credentials, particularly his chairing of the federal Expert Panel on Sustainable Finance, which in 2019 recommended Canadian financial institutions revamp their business practices to address the challenges of climate change.
Nine months into the job, and despite the dominance the pandemic is having on the economic agenda, there are signs that the hoped-for sustainability shift is happening at the Bank of Canada. ....

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