Four of Canada’s biggest banks are leaving the industry’s top climate-finance alliance, joining Wall Street peers and extending an exodus that started in early December.
Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, Bank of Montreal and National Bank of Canada said Friday that they’re no longer members of the Net-Zero Banking Alliance. All four added that they’re still committed to meeting climate-related targets.
The departures raise further questions about NZBA’s future. Defections from the group began last mont