03:22 PM EDT, 04/29/2025 (MT Newswires) -- Royal Bank of Canada ( RY ) said Tuesday it will abandon its sustainable finance targets due to changes in how the industry measures and reports sustainable finance activities.

In its 2024 sustainability report, the bank said a review showed that its previous method may not have properly captured some of its sustainable finance activities.

Royal Bank of Canada ( RY ) said broader changes to its Sustainable Finance Framework are being considered along with its overall approach to sustainable finance.

Shares were up 0.8% in recent trading.

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