Climate-related issues have always dominated sustainable finance, so it may raise a few eyebrows that Euromoney has named as North America’s best bank for sustainable finance a firm that saw its fossil-fuel investments jump by 87% in 2021. Indeed, until very recently, this year’s winner still boasted a long-running membership of the Canadian Association of Petroleum Producers, which it has now let lapse.
But at its core, sustainable finance reflects both environmental and social impact at every level of the banking industry.
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