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Stock impact report

Canadian banks are not fighting climate change on their own. They must be legislated [Globe and Mail, The (Toronto, Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Rosa Galvez is an independent senator for Quebec, who introduced Bill S-243, the Climate-Aligned Finance Act, to the Senate in March, 2022. Global financial and environmental experts recently made public calls for Canada to speed up action on climate-aligned financial policy. The appeal focused in particular on the Climate-Aligned Finance Act , a bill that is progressing through the Senate that would ensure financial institutions' investments help limit climate damage. To achieve this, the legislation would require plans from banks and pension funds to reduce the climate-related emissions from their portfolios and invest in ways that advance climate resilience. It would also increase regulatory oversight by enabling the main federal financial regulator, the Office of the Superintendent of Financial Institutions, to assess whether these climate plans are credible. Financial experts like Allison Herren Lee, a former chair of the U.S. Securities and Exchange Commission, the leaders Show less Read more
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