Finance Minister Chrystia Freeland said on Wednesday that the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce.

A new survey of business leaders finds the vast majority are concerned that climate change will hit their operations this year while more than half report that it's already affected profits.

The CEOs of Canada's five biggest banks stuck to the message that they're committed to help in the energy transition as they were questioned by a parliamentary committee Thursday about their impacts on climate change.

The program is designed to help Indigenous communities buy equity in natural resource and energy projects by securing them more favourable interest rates. 

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.

Nikkei Asia, a Japanese news outlet, reports Honda is considering building both a vehicle and battery plant in the country as part of efforts to catch up in the electric vehicle market.

The minister's approval comes with conditions on RBC, including that none of HSBC Canada's 4,000 employees be fired within six months of the closing date, or two years for front-line staff, and that banking services continue to be provided at a minimum of 33 HSBC branches for four years. 

Regulators around the world are increasingly forcing them to disclose their carbon emissions, along with other key climate change considerations such as how much financial risk they face.

Federal Conservative Leader Pierre Poilievre said Monday that he is pushing for a full inquiry into the issue to find out how many workers the company plans to bring in from abroad. 

The federal government has released proposed guidelines, submitted to it by an independent group of finance experts, on what investments should be considered worthy in the fight against climate change.