Sustainable Finance Awards 2025: North America – Magic Post

North America achieved well in sustainable financing in 2024, but it did not feel this way – not at the end of the year, anyway.

The size of the sustainable bond version was 124 billion dollars in North America for a period of 2024, which is 1 % higher than the previous year, according to Modi classifications. The United States formed approximately 80 % of the release in the region.

However, in January 2025, the new administration of President Donald Trump removed the United States from the Paris Agreement, which aims to reduce global greenhouse gas emissions and adapt to the harmful effects of climate change.

Six of the prominent American banks, City Group, Goldman Sachs, Wales Fargo, Bank of America, JPMorgan Chase, and Morgan Stanley, left the pure and unrestricted banking alliance between the Trump elections and clarify it.

“Perhaps the opposite reaction against ESG in some parts of the United States is one of the reasons behind the decline in some financial institutions of North America from net zero alliances,” says Gregor Voltaurius, the main scientist and a great climate and sustainable financing consultant in Sweden.

MOODY rankings expect that the issuance of sustainable bonds in North America will be “silent amid re -climate policies” in the United States during the next 12 months, given the new climate agenda in the new administration – but its release should not collapse. The initiatives of companies and efforts at the state level can address the contraction of federal investment in clean energy in the United States, according to the bond classification agency.

Bank of America

The best sustainable financing bank

The best solution to investment effect

BOFA supported sustainable financing in North America for most of the contract, and 2024 was not different. The Giant US Bank of Bank projects ranged from the leader in the regulator and the lender to Linden, New Jersey, a facility for converting organic waste to natural gas; To fund Sunzia Transmission and Sunzia Wind, which together constitute the largest clean energy infrastructure project in the history of the United States, is located in New Mexico and Arizona.

Along the way, BOFA also investigated $ 205 million to help start the new market for carbon capture tax credits in the United States. While the credit was originally created in 2008, it was expanded and expanded under the U.S. IRA (IRA) law. This process is generated by carbon dioxide, which is then isolated in the injection well at the North Dakota factory of Harvestone.

The Harvestone carbon capture platform makes eligible to sell carbon capture tax credits under the Irish Republican Army, and in September 2024 Bofa bought $ 205 million of these. This was one of the most important investments in carbon capture and the first deal of its kind since the Irish Republican Army has passed.

SMBC

A sustainable financial deal for this year

Dow Chemical Company released its green opening bonds a total of $ 1.25 billion in February 2024 to finance the Path2Zero project in Fort Saskatchewan, Alberta, among other projects. Path2Zero is the beginning of what DOW hopes to become the first zero zero range in the world 1 and 2. Cracking is the process in which complex organic molecules are divided into simpler molecules such as light hydrocarbons.

It was also supposed to clarify that the project, which suffers from carbon removal and circular targets, could attract attention from a diverse investor base looking to support industrial transformations through sustainability investment. It is seen as a big step forward for the difficult chemical sector.

Sumitomo Mitsui Banking Corporation (SMBC) participated in depth in developing and spreading the opening green financing framework for Dow in January 2024. The framework defines custom climate protection projects, circular economics, and safest materials, including Path2Zero.

According to the LESEG Stock Exchange Group (LSEG), SMBC was one of the major lenders in North America for sustainable loans in 2024. For example, SMBC was organized and a green loan for Twelve was implemented, a startup that develops sustainable flight fuel. Money will be used to design, develop and build a green fuel production facility in Lake Musa and Washington.

Scotiabank

Best Bank of Sustainable Infrastructure/Project Financing

Best Bank of Sustainable Finance in Emerging Markets

Best Bank of Social Bonds

Best Bank for Sustainable Bonds

Best Bank for Sustainability Transparency

Best Banking/Loans associated with sustainability

In March 2024, the Canadian nuclear power player Bruce Power released green bonds worth $ 600 million (about 420 million dollars). Scotiabank was a subscriber of treatment, which was the first release of the bank under the updated green financing framework – nuclear energy has now become a category to use returns to help remove carbon from the energy sector.

In 2021, Bruce Power was the world’s first nuclear energy operator to issue a green bond. Since then, it has released 1.7 billion Canadian dollars of green bonds with three offers.

While located in Canada, Scotia operates worldwide, including emerging markets. In Latin America, the bank is considered a leading steam crane, with more than 15 % of the market share in sustainable bonds, according to Bloomberg. It often supports innovative projects. For example, in November 2024, Scotia was the common Bookrunner of the first blue bond in Mexico, to support hunting and sustainable water education.

Elsewhere, Scotia outperformed sustainability bonds, which have green and social features. In 2024, she issued 24 sustainable bonds of $ 28.2 billion, representing 7.5 % of the total bond size in Scotia.

According to LSEG data, Scotia is also the best 15 (global) in sustainable loans. In 2024, he was the Undersecretary of Sustainability for the opening loan of Lundin Mining $ 2.55 billion, with the interest rate linked to the performance of the mining company in overseeing the environment and the participation of the local community.

CIBC

Best Green Bond Bank

The best bank to maintain societies

CIBC advised the Canada government on the framework of updated green bonds, which now includes nuclear energy as a qualified use of revenue. This was valid for the release of the second green bonds in Canada, for $ 4 billion in February 2024, reopened for $ 2 billion in October.

The bank was also jointly joint in many green and sustainable publications for companies and sovereignty in Canada in 2024, including Canadian Green County Ontario bonds of $ 1.5 billion in March.

The bank realizes the societies it serves. In 2024, CIBC developed partnerships with six first countries across Canada with total accredited lending of $ 34.5 million for housing loans. Cibc Capital Markets also worked as a joint loan in Bookrunner and CO-Lead and coordinator coordinator at ExchandE Investment Deacion Corporation Canadian social loan of $ 200 million to finance the purchases of aircraft for Medevac operations throughout British Columbia, including the services of communities remotely, rural and population. The original. Societies support to the United States also extends. In 2024, CIBC financed projects that total $ 123 million, which led to 500 units of affordable housing in low -income communities throughout the United States.