This article originally appeared in The Epoch Times.
In April, RBC and Scotiabank announced that they would be abandoning their interim net-zero targets, citing them as "no longer reasonably achievable." While RBC is still pursuing net zero by 2050, Scotiabank has abandoned both its 2030 and 2050 net-zero targets.
Since 2022, Gina Pappano, Executive Director of InvestNow, has been presenting shareholder proposals to Canada's big five banks, encouraging them to drop their net-zero pledges. This is a win for shareholders and a win for InvestNow.
Read the full article here.
