TOP 10 | SUSTAINABLE BANKS
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How much green is being spent to hit the green?
Bank of America
CEO: Brian Moynihan Founded: 1998
Bank of America operates as a major force in sustainable debt markets, mobilising immense commercial capital toward green technology, clean energy development and sustainable infrastructure. The bank has committed US $ 1.5tn in sustainable finance capital by 2030, with over US $ 1tn dedicated explicitly to the environmental transition through its Environmental Business Initiative. It has issued US $ 13.85bn in ESG bonds as the number one corporate issuer of ESG bonds in the US. The bank also offers a“ first of its kind” Equality Progress Sustainable Bond, which it describes as being aimed at fixed-income investors. The bond is aimed at advancing equality in race, gender, environmental sustainability and economic opportunity. This is under the bank’ s broader goals to help reach UN SDGs. The Bank of America has been carbon neutral since 2019. financechief. com 37