Canada’s Big Five banks have woken up to the impact their financing has on climate change, according to a report released Wednesday by The Ethical Funds Company.
But some are doing better than others, says the report by the socially responsible mutual fund.
TD Bank and Royal Bank come out on top of the ratings, with policies and practices on lending that address climate change. Bank of Montreal is at the bottom, offering little evidence it considers the environment in its lending portfolio.
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