Value of sustainable finance commitments made by the worlds largest banks 2019
Banks have been funding sustainable projects for many years, but now many are making commitments not only to the funding of more environmentally and socially responsible causes, but also to a downturn, if not stopping of non-renewable or non-sustainable projects.
As of July 2019, the Canadian Bank of Montreal had made the largest single commitment in terms of USD of over 300 billion U.S. dollars between 2019 and 2025. The Bank of America had already hit a previously held target of 125 billion USD made in 2013, and therefore re-committed a further 300 billion USD between 2020 and 2030.