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Canada’s banks recognize the urgency of addressing climate change and understand that the financial sector is central to securing the transition to a lower-carbon economy, mitigating the impacts of humans on the environment and ensuring the continued resilience of our country’s financial system.
Canada’s banks recognize the urgency of addressing climate change and understand that the financial sector is central to securing the transition to a low-carbon economy, mitigating the impacts of humans on the environment and ensuring the continued resilience of our country’s financial system.
Banks also understand that firm commitments are required to accelerate clean economic growth in Canada and to meet the ambitious goal of a net-zero economy by 2050 set by the Paris Agreement on climate change.
To that end, banks in Canada have pledged to implement climate action plans that set specific targets to meet the demands of this global challenge:
Visit banks' environment websites for more information:
January 24, 2024 BMO Partners with Canada Infrastructure Bank to Help Canadian Clients Finance Energy Retrofits in a Sustainable Finance First
September 19, 2023 BMO and Tree Canada give urban tree cover a boost in cities across Canada on National Tree Day
May 10, 2023 BMO Named to UN-Convened Group Providing Guidance to Global Banks on Nature Target Setting
April 19, 2023 BMO Launches Greener Future Financing Program for Agriculture Businesses
December 7, 2022 BMO Climate Institute Survey Shows Costs and Competing Priorities Slowing Climate Action for Small and Mid-Sized Businesses
November 22, 2022 BMO the Top Ranked Financial Institution on New Global Sustainability Benchmark Announced at COP 27
October 26, 2022 BMO to invest in innovative carbon offsets from CarbonCure to permanently store CO2
July 20, 2022 BMO to Acquire Calgary-based Radicle Group Inc., a Leader in Environmental Services
May 2, 2022 BMO and EDC Announce Collaboration to Introduce Sustainable Finance Solutions for Canadian Businesses
March 28, 2022 BMO supports launch of Export Development Canada's new Sustainable Bond Framework
March 23, 2022 BMO proud to support first Government of Canada Green Bond transaction as joint-lead manager
February 17, 2022 BMO Works with Leading Containership Leasing Company Seaspan Corporation to Align Financing to Decarbonization Goals
January 30, 2022 BMO announces plan to partner with Breakthrough Energy Catalyst to accelerate climate innovation
December 2, 2021 BMO Helps Boralex Go Beyond Renewable Energy, with the Transition of its Credit Facility to a Sustainability-Linked Loan
November 24, 2021 BMO First Bank to Pre-Purchase Direct Air Capture Carbon Removals using Carbon Engineering technology
October 19, 2021 BMO Helps Teck Resources Advance ESG Goals with Sustainability-Linked Loan
October 15, 2021 Six of Canada's Largest Banks Join United-Nations-convened Net-Zero Banking Alliance
June 2, 2021 BMO Establishes New, Innovative Energy Transition Group
March 10, 2021 BMO declares climate ambition
January 29, 2021 BMO Financial Group joins the Partnership for Carbon Accounting Financials
December 16, 2020 BMO Financial Group Recognized by CDP for Best Practice in Climate Change
February 6, 2020 BMO Financial Group Recognized by CDP for Action and Transparency on Environmental Sustainability
March 12, 2024 CIBC releases 2023 ESG disclosures updating its progress toward a more sustainable future
November 22, 2023 Government of Canada selects CIBC for updated Green Bond Framework
March 30, 2023 CIBC releases 2022 Climate Report
March 10, 2023 CIBC collaborates with EDC to expand sustainable finance solutions for Canadian businesses
September 29, 2022 CIBC net-zero ambition further supported by establishing 2030 target for emissions reduction from its power generation portfolio
June 28, 2022 CIBC releases TCFD report highlighting key climate-related disclosures
April 20, 2022 CIBC named one of Canada's Greenest Employers
March 31, 2022 CIBC net-zero ambition supported by establishing 2030 targets for emissions reduction from its oil and gas portfolio
February 15, 2022 UBS, Standard Chartered, and BNP Paribas join banks developing new voluntary carbon market settlement platform
December 20, 2021 CIBC commits $100 million to climate tech and energy transition funds to accelerate climate action
December 16, 2021 CIBC Recognized by CDP for Actions on Climate Change
October 4, 2021 CIBC introduces new Sustainability Issuance Framework
September 28, 2021 New global carbon credits platform completes first pilot trade
August 26, 2021 CIBC declares Net Zero ambition by 2050, increases sustainable finance target
July 7, 2021 CIBC, Itaú, NAB and NatWest Group launch carbon offset platform to drive transparency in Voluntary Carbon Market
July 5, 2021 CIBC Asset Management bolsters ESG offering with launch of Sustainable Investment Solutions
February 24, 2021 CIBC joins Partnership for Carbon Accounting Financials
December 14, 2020 CIBC ranked among the top-tier of global banks for climate change actions by CDP
March 6, 2020 CIBC issues inaugural Green Bond Framework
January 27, 2020 CIBC recognized by Carbon Disclosure Project for Actions on Climate Change
September 24, 2019 CIBC announces $150 billion in Environmental and Sustainable financing by 2027
April 9, 2018 CIBC announces its support for the Task Force on Climate-related Financial Disclosures
March 7, 2024 Laurentian Bank Releases its 2023 ESG Report
February 8, 2022 Laurentian Bank of Canada joins the Partnership for Carbon Accounting Financials
May 23, 2019 Laurentian Bank Financial Group chooses green energy with Bullfrog Power
November 8, 2022 Quo Vadis Capital Announces a Net-Zero Transition Loan for the Comprehensive Revitalization of Complexe du Canal Lachine
April 20, 2022 National Bank of Canada Releases its Latest ESG Reports
April 22, 2021 National Bank of Canada Releases its ESG Report and Reveals Climate Measures
November 9, 2020 National Bank of Canada Releases Report on the Task Force on Climate-related Financial Disclosures Advances
September 25, 2020 National Bank to Reduce its Carbon Footprint by 25% by 2025 to Help Meet the Most Ambitious Goal of the Paris Agreement
April 22, 2020 National Bank Partners with Équiterre and Signs an Agreement with Coop Carbone and the Nature Conservancy of Canada to Offset its GHG Emissions
April 20, 2018 National Bank announces its support for the task force on climate-related disclosures
March 6, 2024 New actions from RBC to support client decarbonization efforts and the transition to a greener economy
February 6, 2024 RBC Climate Action Institute Releases Inaugural Climate Action Report
April 3, 2023 The RBC Climate Action Institute created to share ideas and inspire action for Canada's net-zero journey
March 6, 2023 RBC publishes 2022 Environmental, Social and Governance (ESG) Performance Report and Climate Report
November 15, 2022 RBC expands sustainable finance product suite for businesses
October 26, 2022 RBC releases 2030 interim emissions reduction targets in line with climate strategy
July 6, 2022 Innovative climate solutions are the focus of this year's RBC Tech for Nature 2022 funding partnerships
March 28, 2022 RBC Capital Markets highlights recent public sector sustainable financing support, progress against ESG goals
March 14, 2022 RBC Global Asset Management releases its 2021 Task Force on Climate-related Financial Disclosures report
March 9, 2022 RBC signs second long-term renewable energy Power Purchase Agreement
March 2, 2022 RBC publishes 2021 Environmental, Social and Governance (ESG) Performance Report, Task Force on Climate-related Financial Disclosures (TCFD) Report, and Diversity & Inclusion (D&I) Report
January 12, 2022 Risk Management Association, Top U.S. and Canadian Banks Form Consortium to Tackle Climate Risk
October 20, 2021 On the Path to Net-Zero, Canada's Opportunity to Lead in a Global Transition to a Low-Carbon Economy is Now
July 15, 2021 Royal Bank of Canada partners with diverse-owned broker dealers on US$750 million Green Bond
April 20, 2021 RBC Tech for Nature announces new partnerships focused on tackling climate change
April 19, 2021 RBC Global Asset Management releases its first Task Force on Climate-related Financial Disclosures report
April 6, 2021 RBC releases 2020 Environmental, Social and Governance (ESG) Performance Report, Task Force on Climate-related Financial Disclosures (TCFD) Report, and Green Bond Report
February 25, 2021 RBC announces progress on its climate strategy including new sustainable finance target of $500 billion by 2025
November 26, 2020 RBC Joins Canada’s Leading Financial Institutions in Committing $5 Million to Institute for Sustainable Finance
July 29, 2020 RBC Tech for Nature announces global environmental commitment and key partnerships
July 28, 2020 RBC becomes first Canadian bank to sign long-term renewable energy Power Purchase Agreement
March 4, 2020 RBC releases 2019 Environmental, Social and Governance (ESG) Performance Report, Task Force on Climate-related Financial Disclosures (TCFD) Report and Public Accountability Statement (PAS)
October 9, 2019 Borealis AI supports AI research on climate change in a new collaboration with Mila Quebec Artificial Intelligence Institute
April 24, 2019 Royal Bank of Canada issues inaugural Green Bond
July 17, 2018 New methodologies to help banking industry assess physical risk and opportunities of climate change published today
March 14, 2024 Scotiabank releases 2023 Environmental, Social and Governance (ESG) Report and Climate Report
November 7, 2023 Scotiabank Announces 2023 Net-Zero Research Fund Winners
June 29, 2023 Scotiabank named Best Bank in Canada for Sustainable Finance
April 19, 2023 Scotiabank's Net-Zero Research Fund Announces 2023 Call for Submissions in Celebration of Earth Day
March 10, 2023 Scotiabank releases its 2022 ESG Report, highlighting efforts to advance sustainability and ESG performance
October 20, 2022 Scotiabank Announces 2022 Net-Zero Research Fund Winners to Advance Low-Carbon Transition
September 15, 2022 Scotiabank Partners with Lightspark to Support Rollout of Comprehensive Digital Home Energy Label to Help Reduce Carbon Emissions
June 2, 2022 Scotiabank's Net-Zero Research Fund Now Accepting Applications in Celebration of World Environment Day
March 15, 2022 Scotiabank releases its annual ESG Report and companion inaugural Net‑Zero Pathways Report
February 9, 2022 Scotiabank and Evolugen announce 15-year renewable energy Power Purchase Agreement
November 4, 2021 Scotiabank Grows Net Zero Research Fund to $10 Million
June 4, 2021 Scotiabank's Net Zero Research Fund Now Accepting Applications in Celebration of World Environment Day
April 1, 2021 Scotiabank releases its 2020 Environment, Social and Governance (ESG) Report highlighting progress in Diversity and Inclusion, Climate and Sustainable Finance
February 8, 2021 Scotiabank launches Net Zero Research Fund to boost transition to a low-carbon economy
November 20, 2020 Scotia Global Asset Management launches suite of Scotia Low Carbon Funds, announces other ScotiaFunds name changes
July 15, 2020 Scotiabank publishes Green Bond Report
April 9, 2020 Scotiabank releases its 2019 Environment, Social and Governance report
January 24, 2020 Scotiabank, a leading bank in the Americas, recognized by CDP for its climate change efforts
November 14, 2019 Scotiabank to mobilize $100 billion by 2025 to support the transition to a lower-carbon and more resilient economy
July 19, 2019 Scotiabank Boosting Sustainability Commitment with Closing of Inaugural Green Bond Offering
February 5, 2018 Scotiabank proudly supports the Task Force on Climate-related Financial Disclosure
March 14, 2024 TD outlines continued progress on sustainability goals in 2023 Sustainability Reporting Suite
March 16, 2023 TD announces new interim financed emissions targets and TD Pathways to Economic Inclusion as part of its continued efforts to advance a sustainable and inclusive future
March 16, 2023 TD Bank Group sets new $500 billion Sustainable & Decarbonization Finance Target by 2030
February 28, 2023 The 2022 TD Ready Challenge awards $10 million to 10 Canadian and American organizations focused on addressing the challenges of climate change
August 30, 2022 TD Asset Management launches new ETF focused on the growing global carbon credit market
June 30, 2022 TD launches the 5th TD Ready Challenge focused on equity-based solutions for climate change
March 23, 2022 TD Securities Co-Structures First-Ever Green Bond Issuance for Government of Canada
March 9, 2022 TD sets 2030 interim financed emissions targets for high-emitting sectors: Energy and Power Generation
January 26, 2022 TD helps build future innovation in Cleantech, Healthtech, and ESG through new patent funding
June 23, 2021 TD Asset Management Inc. (TDAM) Announces Support for the Task Force on Climate-related Financial Disclosures
February 24, 2021 TD Bank Group Joins RMI as a Strategic Partner of the Center for Climate-Aligned Finance
November 9, 2020 TD Commits to Ambitious Climate Action Plan and Targets Net-Zero Emissions by 2050
October 14, 2020 TD Greystone Infrastructure Fund Invested in Canada's Largest Battery Energy Storage System
September 28, 2020 TD Bank Group Issues First-Ever Sustainability Bond to Support Environmental and Social Initiatives
October 30, 2019 TD helps patent next generation of low carbon technologies
April 9, 2019 TD Insurance creates Advisory Board on Climate Change
December 21, 2018 TD Bank Group Advances the Transition to Low-Carbon Economy, Reaching CAD $22 Billion in First Year
October 8, 2018 Canada's Low-Carbon Innovators Get Boost From TD