Archive

RBC: Carbon markets can drive nature investment

Carbon markets can play a "big role" in driving capital towards nature-positive projects, an executive at Royal Bank of Canada (RBC) has said.

Bank of Canada encourages regulator to tighten climate disclosure rules

The Bank of Canada has urged the Canadian Securities Administrators (CSA) to tighten climate risk disclosure rules or else Canadian firms will struggle to attract enough capital to finance their transition.

Canada climate scenarios warn of potential for 'sudden and large' losses

The potential for "sudden and large" losses due to climate change may mean financial institutions in Canada are required to hold extra capital in reserve...

North American banks form climate risk group

A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.

Canada's six largest banks join Net-Zero Banking Alliance

Six of Canada's largest banks have joined the global Net-Zero Banking Alliance...

People Moves 2 July: IGCC, Green Investment Group and more

Investor group urges banks to set enhanced net zero targets

News Round-up: RBC, Barclays, NBIM, ISS, Greencoat and more

News Round Up: Climate Action 100+, SASB, Morningstar, and more

Sound climate risk management needs sound measurement, says Macklem

Bank of Canada governor Tiff Macklem said that robust measurement of climate risk in the economy is required to manage the "accelerating" risk posed by climate change and the transition to a low-carbon economy, with global initiatives starting to "bear fruit".