Canada’s Biggest Banks Hit With Complaint Over Green Lending (2)

A climate activist group is urging securities regulators to investigate Canada’s biggest banks over their green-finance claims and whether “inadequate or misleading” disclosures could be putting investors at risk.

In a complaint set to be filed Tuesday with the Ontario Securities Commission and Quebec’s Autorite des Marches Financiers and seen by Bloomberg News, Investors for Paris Compliance alleges that the country’s five largest banks — Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce — have failed to make clear disclosures about the carbon-emissions impact of their ...