{"id":1014,"date":"2021-04-08T17:52:23","date_gmt":"2021-04-08T17:52:23","guid":{"rendered":"https:\/\/news25.org\/?p=1014"},"modified":"2021-04-08T17:52:23","modified_gmt":"2021-04-08T17:52:23","slug":"bank-of-america-to-deploy-1-trillion-for-sustainable-finance-by-2030","status":"publish","type":"post","link":"https:\/\/www.news25.org\/bank-of-america-to-deploy-1-trillion-for-sustainable-finance-by-2030\/","title":{"rendered":"Bank of America to deploy $1 trillion for sustainable finance by 2030"},"content":{"rendered":"<div class=\"Box-w0dun1-0 ImageCaptioned__ImageBox-sc-1yr50o7-1 iOBzTK jfeeWd\">\n<figure style=\"width: 640px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"Image__PictureImage-sc-412cjc-0 kNyJYo Image-sc-412cjc-2 ImageCaptioned__FWImage-sc-1yr50o7-0 bMRcPZ zViWM\" src=\"https:\/\/www.usnews.com\/dims4\/USNEWS\/ad5da8f\/2147483647\/thumbnail\/640x420\/quality\/85\/?url=http%3A%2F%2Fmedia.beam.usnews.com%2F0a%2Fd2f90f89943b3fa154bb2f8c16cb49%2Ftag%3Areuters.com%2C2021%3Anewsml_LYNXMPEH3717H%3A12021-04-08T164036Z_1_LYNXMPEH3717H_RTROPTP_3_HEALTH-CORONAVIRUS-SOLAR.JPG\" alt=\"Reuters\" width=\"640\" height=\"420\" data-src=\"https:\/\/www.usnews.com\/dims4\/USNEWS\/ad5da8f\/2147483647\/thumbnail\/640x420\/quality\/85\/?url=http%3A%2F%2Fmedia.beam.usnews.com%2F0a%2Fd2f90f89943b3fa154bb2f8c16cb49%2Ftag%3Areuters.com%2C2021%3Anewsml_LYNXMPEH3717H%3A12021-04-08T164036Z_1_LYNXMPEH3717H_RTROPTP_3_HEALTH-CORONAVIRUS-SOLAR.JPG\" \/><figcaption class=\"wp-caption-text\">IMAGE COPYRIGHT\/ AFP\/ Solar panels are seen on rooftops in Santa Clarita, near Los Angeles, California, June 2020. REUTERS\/Lucy Nicholson\/REUTERS<\/figcaption><\/figure>\n<\/div>\n<p><span style=\"color: #222222; font-size: 15px;\">(Reuters) &#8211; Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had announced for the same project in 2019. The second largest U.S. bank said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion.<\/span><\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">The initiative will help the bank\u2019s push for a greener economy through lending, capital raising, advisory and investment services to help low-carbon and other sustainable businesses, Bank of America said.<\/p>\n<div class=\"AdSlot__container___2BqUD ArticleBody-ad-slot-83sCj\" data-creative-type=\"fluid\">\n<ul>\n<li class=\"TextLabel__text-label___3oCVw TextLabel__gray___1V4fk TextLabel__small-all-caps-spaced-out___3O9H4 AdSlot__label___15AMV\"><a href=\"https:\/\/news25.org\/inner-light-the-children-surviving-conflict-in-dr-congo\/\">Inner Light: The children surviving conflict in DR Congo<\/a><\/li>\n<li><a href=\"https:\/\/news25.org\/a-third-of-covid-19-survivors-suffer-brain-disease-study-shows\/\">A third of Covid-19 survivors suffer brain disease study shows<\/a><\/li>\n<\/ul>\n<\/div>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">In February, Bank of America said\u00a0here\u00a0it would target net-zero greenhouse gas emissions before 2050.<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">The announcement was in line with steps taken by other top-tier financial institutions to improve their performance on environmental, social and governance (ESG) issues. Interest in these issues has surged as investors assess how economies should look in the future.<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">Last month, Mastercard Inc said it would link bonuses for its senior executives to their performance in helping the company achieve its goals of cutting its carbon usage, improve financial inclusion and gender pay parity.<\/p>\n<p class=\"Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x\">Citigroup Inc has also launched a new investment banking unit to support efforts towards environmental sustainability.<\/p>\n<div>\n<div class=\"Attribution-attribution-Y5JpY\">\n<p>Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli<\/p>\n<\/div>\n<p>SOURCE: <a href=\"https:\/\/www.reuters.com\/article\/us-bank-of-america-esg\/bank-of-america-to-deploy-1-trillion-for-sustainable-finance-by-2030-idUSKBN2BV29W\">REUTERS\u00a0<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had announced for the same project in 2019. The second largest U.S. bank said the latest announcement puts its total commitment to sustainable finance [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44,43],"tags":[432,433,71],"class_list":{"0":"post-1014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-news","9":"tag-bank-of-america","10":"tag-environmental-business","11":"tag-united-states"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of America to deploy $1 trillion for sustainable finance by 2030 - News 25<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.news25.org\/bank-of-america-to-deploy-1-trillion-for-sustainable-finance-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of America to deploy $1 trillion for sustainable finance by 2030 - News 25\" \/>\n<meta property=\"og:description\" content=\"(Reuters) &#8211; Bank of America said on Thursday it will deploy $1 trillion for its environmental business initiative to push for green finance by 2030, expanding on the $300 billion it had announced for the same project in 2019. 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