The Globe and Mail reports in its Friday edition that RBC has cut several climate-related finance and sustainability positions in a move that will see that work split between the finance department and a new public policy unit led from Washington. The Globe's Jeffrey Jones writes that Jennifer Livingstone, vice-president of enterprise climate strategy; Sean Drygas, vice-president of sustainability strategy and performance; and Keith Robertson, vice-president of ESG risk and enterprise risk, are leaving the bank. Seven employees are no longer with the bank. RBC and its Canadian banking rivals have in recent years scaled back climate and sustainability-related initiatives launched in the early part of the decade amid an environmental, social and governance rush that has since waned. But an RBC official said the personnel changes are not a result of the bank deprioritizing climate finance, and instead are aimed at strengthening sustainability efforts across its business lines. The bank's sustainability reporting function, including risk management and corporate disclosure, has been moved to the finance department, and the climate group is operating under the newly created public policy group led by Kirsten Sutton.