Two years since committing to the Net Zero Banking Alliance, Investors for Paris Compliance grades the progress of Canada’s six largest banks in developing their net zero policies. In particular, the report grades each bank’s: 1) financed emissions reporting, 2) interim oil & gas and power financed emissions reduction targets, and 3) supporting net-zero strategies.
In addition to an overall Canadian bank report card and a summary of what’s new, there’s also a detailed report card for each bank.
The appendices provide details on the grading scheme for each category, including best practices. This year also includes an appendix focused specifically on best practices for sustainable finance.
Please note all banks were provided an opportunity to review and provide feedback on a draft of this report card.