{"id":129129,"date":"2024-03-20T09:10:17","date_gmt":"2024-03-20T07:10:17","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/canadas-big-banks-say-sustainable-finance-pledges-may-not-curtail-emission-growth\/"},"modified":"2024-03-20T09:10:17","modified_gmt":"2024-03-20T07:10:17","slug":"canadas-big-banks-say-sustainable-finance-pledges-may-not-curtail-emission-growth","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/canadas-big-banks-say-sustainable-finance-pledges-may-not-curtail-emission-growth\/","title":{"rendered":"Canada\u2019s big banks say sustainable finance pledges may not curtail emission growth"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/129129\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nSome of Canada&#8217;s biggest banks have for the first time said their green financing efforts may not necessarily curtail emissions growth, after years of pressure from activists to improve transparency in their climate goals. Canadian banks, said to be one of the biggest fossil fuel financiers globally, have drawn criticism from climate activists and investors over using sustainability-linked financing (SLF) merely for the pretence of a lower carbon footprint rather than take meaningful steps in that direction.<\/p>\n<p>In their latest annual climate reports released during the past week, many Canadian banks have pledged billions of dollars in sustainable financing to decarbonize high-emitting sectors, while highlighting major challenges to meeting their goals.&#8221;The question for regulators will be whether it&#8217;s enough for the banks to insert these brief disclaimers deep in their ESG reporting or whether they need to do a better job telling their investors and the public that these huge financial numbers they promote as green aren&#8217;t necessarily adding up to emissions reductions at all,&#8221; said Matt Price, executive director of Investors for Paris Compliance.<\/p>\n<p>In January, the group urged securities regulators to investigate major Canadian banks on their climate-related claims and alleged misleading disclosures.The complaint gave climate activists more fuel in their fight, which is part of a broader international push for accountability on corporate climate pledges.<\/p>\n<p>Price said the latest revelations were not enough to obviate an investigation. Canada is the world&#8217;s fourth-biggest oil producer, and its energy sector contributes about 5% to the country&#8217;s GDP. Despite the influence of the oil sector, the federal government has set out aggressive emissions goals that include pushing companies to cut emissions up to 38% from 2019 levels by 2030.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/canadas-big-banks-say-sustainable-finance-pledges-may-not-curtail-emission-2024-03-19\/\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/canadas-big-banks-say-sustainable-finance-pledges-may-not-curtail-emission-2024-03-19\/\">Reuters<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/canadas-big-banks-say-sustainable-finance-pledges-may-not-curtail-emission-growth\/\">Canada&#8217;s big banks say sustainable finance pledges may not curtail emission growth<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[13860,1035,690,606,607,608],"class_list":["post-129129","post","type-post","status-publish","format-standard","hentry","category-news","tag-canada-bank","tag-finance","tag-sustainable","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/129129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=129129"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/129129\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=129129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=129129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=129129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}