And Bank of America has provided $6.4 billion in funding for the coal industry during the past two years alone. “While Bank of America claims to support environmental responsibility, it continues to lead investments in coal, one of the biggest threats to public health and climate stability,” the Rainforest Action Network (RAN) has stated.
Given such glaring inconsistencies, it's no wonder that ICCR's recently published ranking of banks concluded, “Key sustainability issues which impact materiality and long-term risk, such as water and climate change impacts are not systematically taken into account in these companies’ investment decisions.”
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