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RBC quits UN-backed Net-Zero Banking Alliance

RBC has quit the UN-backed Net-Zero Banking Alliance, leaving no Canadian Big Six banks in the group.
Bloomberg New Energy Finance ranked RBC as having the worst ratio of clean energy to fossil fuel funding among major banks.
The departure follows other Canadian banks leaving the group around the time of U.S. President Donald Trump's inauguration.

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The Epoch Times

RBC Quits UN-Backed Net-Zero Banking Alliance

RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada’s Big Six banks represented in the group. Canada’s largest bank confirmed the move Friday, saying it has the tools and capabilities to implement its climate strategy and measure its performance. RBC’s decision to leave comes only days after it was ranked by Bloomberg New Energy Finance as having the worst ratio of clean energy to fossil fuel funding among major global b…

23 days ago·New York, United States

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City News

+13 Reposted by 13 other sources

RBC quits UN-backed Net-Zero Banking Alliance

TORONTO — RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada’s Big Six banks represented in the group. Canada’s largest bank confirmed the move Friday, saying it has the tools and capabilities to implement its climate strategy and measure its performance. RBC’s decision to leave comes only days after it was ranked […]

23 days ago·Toronto, Canada

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The Globe & Mail

Climate alliance loses last big Canadian bank as RBC withdraws

With the move, RBC joins numerous Canadian and U.S. banks that have bailed on the Net Zero Banking Alliance in the past two months

23 days ago·Canada

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Financial Post

RBC Quits Climate Group as Canada's Top Banks Follow Wall Street

(Bloomberg) — Royal Bank of Canada has followed Toronto-Dominion Bank and Bank of Montreal in leaving the banking industry’s largest climate-finance alliance.

23 days ago·Canada

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1059theregion.com

RBC quits UN-backed Net-Zero Banking Alliance – 105.9 The Region

23 days ago

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BizToc

RBC to leave banking industry’s largest climate-finance alliance, spokesperson says

Royal Bank of Canada RY-T is exiting the banking industry’s largest climate-finance alliance after a similar move by domestic peers Toronto-Dominion Bank TD-T and Bank of Montreal BMO-T, a spokesperson for the lender said on Friday. The Net-Zero Banking Alliance, a UN-sponsored initiative set up…

23 days ago

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