RBC Quits UN-Backed Net-Zero Banking Alliance

RBC Quits UN-Backed Net-Zero Banking Alliance
A Royal Bank of Canada sign and a Canada flag are pictured in Ottawa on June 27, 2024. The Canadian Press/Sean Kilpatrick
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RBC has quit the UN-backed Net-Zero Banking Alliance, leaving none of Canada’s Big Six banks represented in the group.

Canada’s largest bank confirmed the move Friday, saying it has the tools and capabilities to implement its climate strategy and measure its performance.