Bank of America's march towards $1.5 trillion in sustainable investments - alignment with U.N. goals critical

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Bank of America's march towards $1.5 trillion in sustainable investments - alignment with U.N. goals critical
France Dernières Nouvelles,France Actualités
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NEW YORK - How large banks manage their sustainable investments; the role they play as intermediaries versus direct investors, and the measurable impact of those investments on the environment and communities affected are questions that often receive little attention.

The ambitious $1.5 trillion objective, launched in 2020, is something Fang believes is within the bank's reach. CONSERVATIVE APPROACH IN INVESTMENT DECISIONS Many companies have become increasingly cautious when promoting their sustainability achievements, and rightfully so. Regulators, such as the Securities and Exchange Commission , have stepped up their oversight and enforcement against"greenwashing," where companies inflate their green credentials to attract more capital or investors.

TOUGHER PROJECTS Despite the bank's success and activity in sustainable finance, Fang acknowledged that there were challenges in certain markets and with developing technologies.

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