Over the past few months, we’ve engaged each of the five largest Canadian banks on their climate work. We’ve filed a few shareholder proposals, at least one of which will be going to a vote (more on that soon). And we produced this best practices report which we will use to benchmark the banks after…

Word on the street is that the CSA Group’s transition taxonomy process has stalled out due to lack of consensus. (For background, see our earlier blog). This is just as well, since it was tracking towards a shockingly weak product that would have provoked surprise and probably a bit of outrage in ESG circles in…

Soon the Canadian Standards Association (CSA) will release its work on what’s called a “transition taxonomy,” essentially a definition-setting exercise for what kind of projects should qualify for transition financing, a branch of “sustainable” financing. The stakes are high. Finance is under increasing pressure to move money away from activities causing the climate crisis and towards those…

Canada’s banks are coming under increasing pressure for their fossil fuel financing, among the highest in the world. But recently they joined Mark Carney’s Net-Zero Banking Alliance (NZBA) – en masse – so that’s fixed, right? Well not exactly. Or at all, really. Leaked emails show that advisors to the Glasgow Financial Alliance for Net Zero (GFANZ) of which NZBA…