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RBC to Disclose Climate Metric as Pressure Mounts

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RBC,Climate Metric,Clean Energy Funding

RBC plans to disclose the ratio of its clean energy funding to fossil fuel financing in its next climate report, in response to pressure from the New York City Comptroller.

RBC plans to disclose the ratio of its clean energy funding to fossil fuel financing in its next climate report, in response to pressure from the New York City Comptroller. The measure, pioneered by BloombergNEF, is seen as a clear indicator of a bank's commitment to climate solutions.

RBC had previously rejected the measure but now considers it important.

 

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RBC agrees to disclose key climate metric on energy fundingTORONTO — RBC says it plans to disclose a key climate metric that the New York City Comptroller has been pushing it to adopt. Chief executive Dave McKay says...
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