Monday, March 17, 2025
Bank of Canada releases first report on climate risks
The Bank of Canada has released its first annual report outlining the risks that climate change poses to its mandate and operations. The report evaluates how…
Environmental Finance
50 fastest-growing sustainable companies in Canada revealed
In its 2nd annual ranking of the future 50 fastest-growing sustainable companies in Canada, Corporate Knights pinpoints the fastest-growing Canadian companies whose business activities align…
U of T puts the spotlight on Sonia Labatt, a trailblazer in environmental finance
University of Toronto’s School of the Environment and the Rotman School of Management recently held an interesting event celebrating the work of Sonia Labatt and…
How the finance sector can help fight climate change
Could climate change spending and innovation be the greatest economic opportunity of our times? Funding of climate change mitigation and adaptation activities could, according to…
World Bank selects Wall Street CEO to address climate and sustainable development
As Ajay Banga, a former Wall Street CEO, was chosen as the World Bank’s new President, it will be interesting to learn more about the…
BMO launches Greener Future Financing to support agricultural business
BMO Canadian Business Banking has announced the launch of Greener Future Financing – its first climate financing program – which has been developed to help agriculture…
TD Bank sets new $500B sustainable and decarbonization finance target
The TD Bank Group has launched a new Sustainable & Decarbonization Finance Target to support its customers, clients and the communities it serves by aiming…
Ontario budget builds on efforts to electrify transportation, but falls short on addressing sprawl
Yesterday Ontario’s Minister of Finance Peter Bethlenfalvy released Ontario’s 2023 Budget: Building a Strong Ontario. It is a plan that navigates ongoing global economic uncertainty…
OSFI issues new guideline on climate risk management
Climate change and the global response to the threats it poses have the potential to significantly impact the safety and soundness of the Canadian financial…
Carbon Clean 200 companies outperform dirty energy by 30%
Advocacy non-profit As You Sow and Corporate Knights, research and media organization, have released their 10th update of the Carbon Clean 200TM, a list of…
Response on legal framework for responsible climate-aligned investments
Governments and investors alike increasingly recognize that long-term financial returns depend on the viability of environmental and social systems. As a result, there has been…
CIB and Calgary close $165M investment for zero-emission buses
Today, the Canada Infrastructure Bank (CIB) announced financial close on a partnership with The City of Calgary which will see the CIB invest $165 million…
BDC launches new ESG reporting tool in line with sustainability strategy
BDC, the Business Development Bank of Canada, has launched a new Environmental, Social and Governance (ESG) reporting template, the first of its kind to be…
Carbon credits company expands to provide decarbonization for Ontario organizations
After its success in Quebec, Will Solutions continues its growth and is preparing to open a second sustainable community in Ontario. Following a US $20…
Canada must accelerate commercialization of domestic cleantech to meet climate goals
Canada cannot meet its 2030 emission reduction target and 2050 net-zero goals without accelerated commercialization and adoption of clean technology, according to a new report…
Hydro One becomes first utility in Canada to publish sustainable financing framework
Hydro One Limited has published its Sustainable Financing Framework, a first for a utility in Canada. The framework allows Hydro One and its subsidiaries to…
ESG investing matures while markets reel, according to CK report
The Corporate Knights’ annual responsible investing guide provides informed suggestions for responsible investing and conscientious choices for the financial market. The latest guide was produced…
PwC report highlights continued shortcomings in ESG reporting
PricewaterhouseCoopers (PwC) Canada has unveiled its second Canadian ESG reporting study that assessed the ESG maturity of Canada’s top 250 publicly traded companies, as measured…
BDC launches new $400M climate tech fund
BDC, the Business Development Bank of Canada, has announced its new $400 million Climate Tech Fund II, a renewed commitment to play a leadership role…
Progress update on climate finance actions to reach $100 billion goal
Ahead of COP27, Canada and Germany released a Progress Report on the Climate Finance Delivery Plan that looks at the collective progress and key actions…
Guide to incentivize action that achieves sustainability targets
The Canadian Chapter of the Accounting for Sustainability (A4S) CFO Leadership Network, which is run in partnership by A4S and Chartered Professional Accountants of Canada…
Climate reform financer Mark Carney to chair asset management division of Brookfield
Brookfield has announced that former Bank of Canada and Bank of England Governor Mark Carney will become chair of its asset management division when it…
Net-Zero challenge launched to support businesses transitioning to cleaner operations
Today, during an event at Lafarge Canada’s St-Constant cement plant, Steven Guilbeault, Minister of Environment and Climate Change, announced the launch of the Net-Zero Challenge,…
Public consultation launched for GHG accounting standard
The Partnership for Carbon Accounting Financials (PCAF) has launched a public consultation on the Global GHG Accounting and Reporting Standard for the Insurance Industry Progress…