The environment is clearly becoming highly popular amongst politicians and business, and some great and innovative approaches are being seen.

But when I read this announcement today, some of the quotes struck me as self serving, and potentially not as altruistic as they sound.

We’ll be doing a much greater due diligence in terms of loans that we’re making and business that we’re doing in terms of the environmental risk that’s involved.

Source: Toronto Star

So I can just imagine the new tick sheet being circulated to all commercial lenders across the country to assess new loans from a green perspective. No doubt that is backed up by environmental training for all 😐

However, that quote immediately made me think of deposits. Why pick on loans. Will they perform the same due diligence on holders of deposits? Will they ask any non-green multi million dollar corporate depositors to leave and go to another Bank?

Going ‘green’ is admirable, but it has to be in an open, and thoughtful way.

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