TORONTO - HSBC it is bringing a suite of sustainable finance tools to Canada the bank says will help small and medium businesses meet increasing expectations around environmental commitments. Turner says they contrast with green bonds and green loans, which have focused on government lending and large corporations. BMO is also active in the sustainable finance space, having launched its first sustainability-linked loan in 2019 in a deal with Maple Leaf Foods. Earlier this year it announced a green loan for Atlantic Packaging that aligns with a set of standards for the space known as the Green Loan Principles. In April the industry-led, UN-convened Net-Zero Banking Alliance launched with 57 banks committed to aligning their lending and investment portfolios with net-zero emissions by 2050.

Source: thestar September 28, 2021 09:00 UTC