North America behaved well in sustainable finance in 2024, but that did not feel that – not at the end of the year anyway.
The volume of emission of sustainable bonds totaled $ 124 billion in North America for 2024, 1% higher than the previous year, according to Moody’s Ratings. The United States has represented around 80% of the emission in the region.
However, in January 2025, the new administration of President Donald Trump withdrew the United States from the Paris Agreement, which aims to reduce global greenhouse gas emissions and adapt to the negative impacts of climate change.
Six leading American banks, Citigroup, Goldman Sachs, Wells Fargo, Bank of America, Jpmorgan Chase and Morgan Stanley, left the Net-Zero bank alliance not designed between the election of Trump and its inauguration.
“The counterpouil against the ESG in certain parts of the United States may have been one of the reasons for the retirement of certain North American financial institutions from net-zero alliances,” explains Gregor Vulturius, principal scientist and main climate advisor and sustainable finance in the SEB of Sweden.
Moody’s notes expect the issue of sustainable bonds in North America to be “in maleness in the midst of a reduction in climate policies” in the United States in the next 12 months, given the climate agenda of the new administration – but the program should not collapse. Business initiatives and state efforts could thwart federal investments reduced in the United States, according to the bond ratiation agency.
America Bank
Best bank for sustainable finance
Investment solution to the best impact
Bank of America (Bofa) supported sustainable finance in North America for most of the decade, and 2024 was no different. The projects of the American giant bank went from the leading arranger and lender to an installation of Linden, in New Jersey, to convert biological waste into natural gas; To financing of Sunzia Transmission and Sunzia Wind, which together constitute the largest clean energy infrastructure project in the history of the United States, located in New Mexico and Arizona.
Along the way, Bofa also made an impact investment of $ 205 million to help revive the new market for carbon capture tax credits in the United States. Although the credit was originally created in 2008, it was then extended and extended by the law on the reduction of inflation of the United States in 2022 (IRA). The agreement concerned Harvestone Low Carbon Partners, which produces ethanol. This process generates carbon dioxide, which is then kidnapped in an on -site injection well in the Harvestone Blue Flint’s Dakota subsidiary.
The Harvestone carbon capture platform makes it possible to sell carbon capture tax credits under IRA, and in September 2024, Bofa bought $ 205 million. It was one of the most important investments in capturing carbon and the first agreement of the genre since the passage of IRA.
SMBC
Finance work of the year of the Anne
Dow Chemical Company issued its inaugural green obligations to a total of $ 1.25 billion in February 2024 to finance its Path2zero project in Fort Saskatchewan, Alberta, among other projects. Path2zero is the beginning of what Dow hopes will become the first Net-Zero Zero Scope 1 and 2 emissions integrated into the “Cracker” ethylene and derivals the complex. Crackon is the process by which complex organic molecules are broken down into simpler molecules such as light hydrocarbons.
He also had to show that a project with decarbonization and circularity objectives can arouse the interest of a diversified base of investors which seeks to support industrial transformations thanks to the investment in sustainability. It is considered a big step forward for the difficult chemical sector to Abate.
Sumitomo Mitsui Banking Corporation (SMBC) was deeply engaged in the development and publication of the Dow green funding inaugural funding framework in January 2024. The framework describes DOW projects linked to climate protection, circular economy and safer materials, including path2zero.
According to the London Stock Exchange Group (LSEG), SMBC was one of the main lenders of lasting loan in North America in 2024. For example, SMBC structured and executed a green loan for twelve, a startup that develops a sustainable aviation fuel. The funds will be used to design, develop and build a green fuel production installation in Moses Lake, Washington.
Scooter bank
Better bank for sustainable infrastructure / project financing
Better bank for sustainable financing in emerging markets
Best bank for social ties
Better bank for sustainable bonds
Better bank for the transparency of sustainability
Better bank for loans related to transition / sustainability
In March 2024, Canadian nuclear energy operator Bruce Power issued a green bond of $ 600 million (around 420 million dollars). The Scotia bank was joint of the transaction book, which was the first issue of the bank as part of its updated green financing framework – where nuclear energy is now a category of product use to help the decarbonization of the electricity sector.
In 2021 Bruce Power was the world’s first nuclear operator to issue a green obligation. Since then, he has issued $ 1.7 billion Canadian dollars in green bonds through three offers.
Although based in Canada, Scotland operates worldwide, including emerging markets. In Latin America, the bank is a leading book, with more than 15% market share in sustainable bonds, according to Bloomberg. He often supports innovative projects. For example, in November 2024, Scotland was the spouse of the first blue obligation in Mexico, to support sustainable fishing and aquaculture.
Elsewhere, Scotland has excelled in sustainability obligations, which have green and social characteristics. In 2024, he issued 24 sustainability obligations with a volume of $ 28.2 billion, representing 7.5% of the overall bond of Scotland.
According to LSEG data, Scotland is also one of the first 15 (global) book in sustainable loans. In 2024, it was a co-durability structuring agent for the inaugural loan of $ 2.55 billion in the sustainability of Lundin Mining, with an interest rate linked to the performance of mining in environmental management and local community commitment.
CIBC
Better bank for green bonds
Best bank to maintain communities
The CIBC has advised the Government of Canada on its framework for updated green bonds, which now includes nuclear energy as an eligible use of the product. This was in force for the second Green Obligations Entroductance of Canada, for $ 4 billion Canadian dollars in February 2024, reopened for a follow -up of $ 2 billion Canadian dollars in October.
The Bank was also the book spouse on several green and sovereign and sovereign and sovereign shows in Canada in 2024, including the 1.5 billion Green Green Ontario obligation in March in March, and medium -term tickets of $ 1 billion Canadian dollars of the Ontario power generation in June.
The bank is attentive to the communities it serves. In 2024, the CIBC developed partnerships with six First Nations across Canada with an authorized total loan of 34.5 million Canadian dollars for housing loans. The CIBC capital markets also acted as books, co-chief arranger and co-social coordinator in the 200 million Canadian social loans of the corporation of the corporation for the purchase of financed planes for Medevac operations through British Columbia, including services for remote, rural and native communities. Support communities also extend to the United States. In 2024, CIBC financed projects totaling $ 123 million, which led to 500 affordable housing units in low and moderate income communities across the United States.
| Regional winner: North America | |
|---|---|
| Best bank for sustainable finance | America Bank |
| Finance work of the year of the Anne | SMBC (inaugural emission of green bonds from Dow Chemical Company) |
| Investment solution to the best impact | America Bank |
| Best bank for sustainable i Nfrastructure / project finance |
Scooter bank |
| Better bank for sustainable financing in emerging markets |
Scooter bank |
| Better bank for green bonds | CIBC |
| Best bank for social ties | Scooter bank |
| Better bank for sustainable bonds | Scooter bank |
| Best bank to maintain communities | CIBC |
| Best bank for ESG loans | SMBC |
| Better bank for the transparency of sustainability | Scooter bank |
| Best bank for Transition / sustainability loans |
Scooter bank |