The climate indicator banks are facing rising pressure to report

News Snapshot:

TORONTO — When Canada’s big banks left the Net Zero Banking Alliance earlier this year, they assured they could push on reducing emissions without the help of the international climate coalition launched in 2021 by Mark Carney, now Canada's prime minister. But as hostility towards climate action ramps up in the U.S. — even as temperatures keep breaking new records — sustainability-focused investors are pressing the banks to more clearly show how they’re making progress. One increasingly popular measurement, while cutting through the noise of so much arcane climate reporting, is a simple comparison of how much financing is going...