RBC Drops Sustainable Finance Commitment, Holds Back on Disclosures

RBC Drops Sustainable Finance Commitment, Holds Back on Disclosures
The RBC logo in Toronto’s financial district in a file photo. The Canadian Press/Christopher Katsarov
Chandra Philip
Updated:
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As more Canadian banks backtrack on formal decarbonization efforts, RBC says it is abandoning its sustainable finance commitment and climate disclosures partly due to regulatory changes.

The bank published its decision in its 2024 Sustainability Report, released on April 29.