Message :
Required fields
TORONTO (Reuters) - Some of Canada s biggest banks have announced plans to achieve net-zero financing emissions, that is, reducing funding for emission-producing activities in their lending and underwriting books, by 2050. An outline of how they intend to get there. For a related story:
ROYAL BANK OF CANADA
RBC said in February it aims to achieve net-zero emissions in its lending operations by 2050 and increased its sustainable financing commitment to C$500 billion, from its previous C$100 billion, by 2025. It is working on setting interim targets and expects to measure and disclose financed emissions for key sectors starting in 2022.
Message :
Required fields
(Reuters) - Canadian Imperial Bank of Commerce and Bank of Montreal have postponed employees return to the office to June end, derailing an earlier plan to get them back by April.
In an internal memo seen by Reuters, CIBC said on Monday the majority of its employees who are currently working remotely will continue to do so until at least the end of June, as COVID-19 cases remain high in Canada.
So far under 3% of the country s population has been inoculated, putting Canada behind many developed nations in its vaccination drive.
Bank of Montreal is also no longer working towards an April timeframe for returning to the office and has postponed it, a spokesperson for the bank said.