Sector's strong financials, green transition, to drive deal activity
Sun Life Financial Inc. and Manulife Financial Corp. are Canada's first and fourth-largest fossil fuel investors
G20 endorsed revised global principles that incorporate sustainability
Higher upfront cost reduces long-term risks for economy, banks
Activists say banks aren't delivering on efforts against climate change
Regulator supports firms' efforts to address ESG risks
Despite headline declines, core inflation proving resilient
Companies aren't doing enough to align portfolios, engage with companies and policymakers
At issue is the financing of fossil fuel expansion projects
The organization is calling on regulators around the world to consider adopting the standards