“Investors applaud Bank of America’s commitment to transition to a more sustainable business model and reduce the growing climate impacts of its financing activities."
BMO Financial Group among first Canadian banks to sign United Nations Principles for Responsible Banking
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TORONTO, Feb. 2, 2021 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced it has signed the United Nations Environment Programme – Finance Initiative (UNEP-FI) Principles for Responsible Banking.
The Principles for Responsible Banking (PRB) provide a framework for a sustainable banking system. By signing, BMO is committing to align its business strategy with the UN Sustainable Development Goals (SDGs), the Paris Climate Agreement and relevant national and regional frameworks. This includes conducting an impact analysis to identify priority positive and negative impacts associated with its operations and financing activity, working collaboratively with clients and stakeholders to maximize positive and minimize negative impacts, and demonstrating transparency and accountability through public report
BMO Financial Group joins the Partnership for Carbon Accounting Financials
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Ranked most sustainable bank in North America by the Wall Street Journal, the Dow Jones Sustainability Index and Corporate Knights, BMO is committed to measuring and disclosing the GHG emissions of its portfolio
TORONTO, Jan. 29, 2021 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has joined the Partnership for Carbon Accounting Financials (PCAF).
PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. In November 2020, PCAF published the Global GHG Accounting and Reporting Standard for the Financial Industry. With more than 95 banks and investors from five continents, the industry-led initiative is rapidly expanding in North America, Latin America, Euro
Nordea Joins Partnership For Carbon Accounting Financial
Nordic banking group
Nordea recently announced it has joined Partnership for Carbon Accounting Financials (PCAF) in order to strengthen its work to track and measure its climate change risks and impacts.
“Banks play a crucial role in combatting the impacts of climate change and enabling the transition to a low-carbon economy. Nordea announces today that it has become a member of PCAF, a global partnership of financial institutions that work together to develop and implement a harmonised approach to assessing and disclosing the greenhouse gas (GHG) emissions associated with their loans and investments.”