Video shows suspect setting Toronto-area barbershop on fire
Video of a suspect lighting a Richmond Hill barbershop on fire earlier this week has been released by police.
HSBC it is bringing a suite of sustainable finance tools to Canada the bank says will help small and medium businesses meet increasing expectations around environmental commitments.
Larger companies and institutions are increasingly evaluating the sustainability performance of their supply chains to meet their own green goals, said Alan Turner, head of commercial banking at HSBC Bank Canada, so smaller companies have to demonstrate too.
"There's a need for the smaller businesses to be able to demonstrate that they are aligned to what the large corporate institutions have set out is their position," Turner said.
The products announced Tuesday by HSBC include green deposits, which makes a company's cash reserves available to support green projects, sustainable financing tools around trade and equipment, and a general loan whose interest rate is tied to environmental targets.
Turner says they contrast with green bonds and green loans, which have focused on government lending and large corporations.
Multinational banks like Standard Chartered PLC and Citigroup Inc., as well as several U.S. banks have launched green deposits in recent years, but HSBC says that they are the first to bring the option to Canada.
BMO is also active in the sustainable finance space, having launched its first sustainability-linked loan in 2019 in a deal with Maple Leaf Foods. Earlier this year it announced a green loan for Atlantic Packaging that aligns with a set of standards for the space known as the Green Loan Principles.
Sustainability in the financial services industry is evolving quickly as products like green loans become more standardized and a growing number of banks make commitments to reducing the environmental impacts of their operations and loan portfolios.
In April the industry-led, UN-convened Net-Zero Banking Alliance launched with 57 banks committed to aligning their lending and investment portfolios with net-zero emissions by 2050.
Vancity and HSBC were the only banks operating in Canada that initially signed on to the alliance, though in the last year Toronto-Dominion Bank, Royal Bank of Canada, Bank of Montreal and most recently Canadian Imperial Bank of Commerce have made their own net-zero-by-2050 commitments.
This report by The Canadian Press was first published Sept. 28, 2021.
Video of a suspect lighting a Richmond Hill barbershop on fire earlier this week has been released by police.
A New Brunswick woman suffering from sarcoidosis, a disease that limits your lung capacity, is in need of a double lung transplant.
The adorable trio of child actors from the 1993 classic comedy 'Mrs. Doubtfire,' which starred the late and great Robin Williams, are all grown up and looking back on their seminal time together.
York Regional Police say they are continuing to search for a suspect in an auto theft investigation who was captured on video running over a police officer in Toronto last month.
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
A Chinese truck driver was praised in local media Saturday for parking his vehicle across a highway and preventing more cars from tumbling down a slope after a section of the road in the country's mountainous south collapsed and killed at least 48 people.
A source close to singer Britney Spears tells CNN that the pop star is 'home and safe' after she had a 'major fight' with her boyfriend on Wednesday night at the Chateau Marmont in West Hollywood.
Pius Suter scored with 1:39 left and the Vancouver Canucks advanced to the second round of the NHL playoffs with a 1-0 victory over the Nashville Predators on Friday night in Game 6.
Quebec Premier François Legault reiterated that the pro-Palestinian encampment at McGill University must be dismantled while police remain 'on the lookout for new developments.'
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.