Big Canadian banks may be making misleading claims on sustainability, says securities complaint

Canada's big five banks — RBC, TD, BMO, CIBC and Scotiabank — are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.

Big Canadian banks may be making misleading claims on sustainability, says securities complaint
A file photo, from June 2018, looking up at some office towers in Toronto's financial district.

Canada's big five banks — RBC, TD, BMO, CIBC and Scotiabank — are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.