Up until now, RBC had resisted calls to disclose that ratio clearly across all their lending and investments every year... Multiple pension funds overseen by Lander had put forward shareholder motions to compel the financial institutions to take these steps.
Essentially, up until April 4, when a press release was issued, RBC's public position was that it would not disclose green energy to fossil fuel investment ratios... Agreement does not reduce emissions.
All they're doing with this agreement is agreeing to show their work... the agreement does not require RBC to reduce investing in projects that generate or increase carbon emissions.
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