Category: Social

Canada’s largest five banks, TD, Scotiabank, CIBC, BMO and RBC, have put $5m behind the national Institute for Sustainable Finance (ISF), which describes itself as “the first-ever collaborative hub in Canada that brings together academia, the private sector, and government with the singular focus of increasing Canada’s sustainable finance capacity”. TD, Scotiabank and CIBC have each pledged $1.25m, while BMO will put down $1m and RBC $250,000. The funding will finance education, professional training, research, collaboration and outreach work.

ASEAN has released a long awaited report exploring the role of Asian central banks in combating climate-related risks. The report makes a number of non-binding recommendations which include the development of a regional principles-based green and transitional taxonomy and green lending guidelines, the integration of climate factors into supervisory assessments and the creation of a common data coll…