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RBC sets sustainable finance target of $500 billion by 2025

Royal Bank of Canada (RBC) announced its intent to increase its sustainable financing by $500 billion by 2025 and achieve net zero emissions in its lending by 2050.The Canadian financial institution achieved its initial goal of $100 billion in sustainable financing in 2020. With its new sustain Read More...

Royal Bank of Canada Progresses on Providing Sustainable Finance

Royal Bank of Canada made progress on its sustainable finance commitment and provided $84.8 billion in sustainable finance in 2022.The bank’s sustainable finance commitment is a cumulative total of $282 billion since 2019, which is part of its commitment to provide $500 billion in sustainable Read More...

North America’s Three Largest Banks to Disclose Energy Supply Ratios

JPMorgan Chase, Citi, and the Royal Bank of Canada have agreed to publicly disclose their financing ratio of clean energy supply financing to fossil fuel extraction financing (Energy Supply Ratio) and their underlying methodology. The disclosures are crucial to gaining a better understanding of Read More...

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