Today the German group Urgewald released a bombshell of a report on coal financing, showing that banks provided loans and underwriting of US$1.5 trillion to companies on the Global Coal Exit List over the last two years, while institutional bondholders and shareholders held US$1.2 trillion as of November 2021. The report is shocking, demonstrating that…

Over the past few months, we’ve engaged each of the five largest Canadian banks on their climate work. We’ve filed a few shareholder proposals, at least one of which will be going to a vote (more on that soon). And we produced this best practices report which we will use to benchmark the banks after…

Word on the street is that the CSA Group’s transition taxonomy process has stalled out due to lack of consensus. (For background, see our earlier blog). This is just as well, since it was tracking towards a shockingly weak product that would have provoked surprise and probably a bit of outrage in ESG circles in…