TORONTO — A new report finds the Toronto financial sector's emissions impact is much more than what is self-reported and urges the city to do more to encourage a reduction.
TORONTO — A new report finds the Toronto financial sector's emissions impact is much more than what is self-reported and urges the city to do more to encourage a reduction.
It says the total across the group works out to the equivalent of 1.44 billion tonnes of carbon dioxide emissions -- twice the amount of Canada's overall emissions for the year. The report however finds the financial firms have sometimes severely under-reported their own financed emissions, including banks which only report on the impact from their lending activities but not their investments.
"There's existing standards that could be better followed, but it's clear that at the moment, the are not adhering to their own standards."
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