Ontario Securities Commission

Banks are using the term "sustainable finance" too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to the Ontario Securities Commission and the Autorité des marchés financiers of Québec.

There's no one way to define sustainable investing, but more fund providers in the space are beginning to provide hard numbers to back up their claims.

A new report says just five per cent of Canadian technology companies have a female founder and a similar fraction have a woman as CEO, figures which suggest the industry's gender diversity is lagging other sectors.