Sustainability Magazine November 2025 Issue 59 | Page 124

SUSTAINABLE FINANCE WHAT PROPORTION OF THE BANK’ S FINANCES WOULD YOU DESCRIBE AS SUSTAINABLE FINANCE? The definition of sustainable finance itself is evolving for us. The way we define sustainable finance is really lending that helps our customers, from a residential or a single family to middle market to large businesses – any lending or investment that helps them solve their societal needs as well as finance that helps them build energy affordability or sustainable energy sources.
So for us, the definition of sustainable finance includes a lot of social finance, affordable housing, access to finance, small business lending, access to our workforce development.
All of that is part of our definition of sustainable finance as well as financing of renewable energy, circularity, sustainable bonds or sustainable capital instruments.
Currently we have a goal of US $ 100bn of sustainable finance that we want to provide to our customers by 2030.
At the end of last year, we already provided about US $ 45bn in sustainable finance. So it is a fairly ambitious goal for the size of our bank, but we definitely are making good progress.
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