The U.S. Alliance for Sustainable Finance (USASF), based in New York City, will work to encourage more climate-friendly and sustainable finance innovation across the U.S. capital markets. This initiative brings together private sector actors in line with the aim of meeting the United States’ targets of the Paris Agreement. The USASF is excited to join the global network of Financial Centres for Sustainability (FC4S) convened by the United Nations Environment Programme.

The formation of the USASF in December 2018 comes after United Nations Secretary-General António Guterres’ call to create a new Climate Finance Leadership Initiative that will support global mobilization of private capital in response to the challenges of climate change. The USASF will support this initiative.

More Information
Press Release: Bloomberg Announces U.S. Alliance for Sustainable Finance (5 December 2018)

Additional information will be made available here after our inaugural meeting in Jaunary 2019.

The founding institutions include:

“We recognize that in order to address the significant gap in funding required to address global challenges, including climate change, we must look differently at how we deploy capital, both as a company and across financial services. The collaboration created by the U.S. Alliance for Sustainable Finance is one more way we can expand products, platforms and capital pools to create greater impact around the globe.”

– Anne Finucane, Vice Chairman

“As one of the founding members of USASF, BNP Paribas believes that this alliance will stimulate further climate-friendly and sustainable finance innovation across the U.S. capital markets. We are confident that the financial services industry can help be a positive force for change due to its central role in financing the economy, and we look forward to working with the USASF to meet the Paris Agreement targets.”

– Jean-Yves Fillion, CEO of BNP Paribas USA and Chairman of CIB Americas

“By working with their clients, banks have played a pivotal role in the innovation of climate-friendly finance. We are proud to join the US Alliance for Sustainable Finance (USASF) as a founding member to support the financing and investments in the US and around the world that will help accelerate the transition to a low-carbon global economy.”

– Ed Skyler, ‎Executive Vice President for Global Public Affairs

“Leveraging our long-standing commitment to sustainable finance, and role as a leading provider of financing for the French economy – the current capital of climate finance – Crédit Agricole CIB is delighted to be a founding member of the US Alliance for Sustainable Finance. We recognize the potential that financial centers have in catalyzing action and look forward to joining forces to accelerate the US transition to a sustainable, low-carbon economy”.

– Charlotte Peyraud, Vice President, Sustainable Banking

“As we continue to receive more and more rigorous data both in respect of the warming of our planet and where we are versus accepted global targets for CO2 emissions, it is clear that we need an urgent response from the financial community to help drive more capital toward sustainable uses.  The further development of the sustainable finance market is critical in this respect; fortunately, initiatives like this one can help address this need. At Credit Suisse, we are very pleased be uniting with our peers to work towards a common goal, the benefits of which will ultimately be felt far beyond the finance industry.”

– Marisa Drew, CEO, Impact Advisory and Finance Department 

“Goldman Sachs has a longstanding commitment to mobilizing capital and catalyzing financial innovation to address climate change. We look forward to leveraging the strength of the USASF partnership and working together to accelerate sustainable finance flows.”

– Kyung-Ah Park, Head of Environmental Markets Group

“HSBC is proud to be a founding member of USASF. As a leading international bank, HSBC has committed to ‎providing $100 billion to support sustainable finance projects around the world by 2025, and in the first year alone we have deployed $25 billion of that. We are an active participant in various local chapters within the FC4S network and recognise the importance it plays. The addition of the US Alliance will be a powerful catalyst for the continued expansion of sustainable finance in the US and around the world.”

– Christian Déséglise, Global Co-Sponsor for Sustainable Finance

“As we look for opportunities to advance sustainable solutions for our clients and our own operations, we continuously seek to collaborate with business and civic leaders in order to achieve our collective goals.”

– Matt Arnold, Global Head of Sustainable Finance

“As a global leader in infrastructure investing and advisory services, Macquarie Group has a long history of leading and supporting innovation in green and climate resilient projects, most recently through the establishment of the Green Investment Group as a global investor in renewable energy. We are pleased to be a founding member of the U.S. Alliance for Sustainable Finance and look forward to collaborating with fellow members to form new solutions to drive capital toward climate-friendly and sustainable investments.”

– Nick Butcher, Global Co-head of Infrastructure & Energy, Macquarie Capital 

“Building on our work at the Institute for Sustainable Investing, we are committed to the mission of the U.S. Alliance for Sustainable Finance. We recognize the important role capital markets can play in driving impact. As part of the Alliance, we will seek to advance innovation to create solutions for a more sustainable world.”

– Audrey Choi, Chief Sustainability Officer and Chief Marketing Officer

“Neuberger Berman believes that climate change is a material driver of investment risk and return across industries and asset classes. As an asset manager with a long-term perspective, we have a responsibility to our clients to assess the potential implications of climate change for the companies in which we invest. We are pleased to be joining the US Alliance for Sustainable Finance with other New York-headquartered financial institutions in order to encourage more climate-friendly and sustainable finance innovation across the U.S. capital markets.”

– Jonathan Bailey, Head of ESG Investing

“As an asset manager with five decades of responsible investing experience, we applaud the formation of the US Alliance for Sustainable Finance and stand proud to serve as a founding member to advance continued innovation across the capital markets.”

– Amy O’Brien, Global Head of Responsible Investing

“Sustainability is a business imperative at S&P Global. Companies and shareholders want to invest in sustainable businesses; we offer independent data, analytics and benchmarks that deliver insights and transparency, and support global, long-term change across industries and markets. Our comprehensive view of ESG throughout global markets provides companies, financial institutions and governments with financially relevant analytics and timely data to assess risk, uncover opportunities and inform long term sustainable growth. We are excited to be joining the U.S. Alliance for Sustainable Finance to encourage greater transparency on climate related financial risks and facilitate the flow of capital towards sustainable outcomes.”

– Dr. Richard Mattison, CEO, Trucost

“Trillium Asset Management is proud to be a founding member of the US Alliance for Sustainable Finance. As a long standing leader in the sustainable investing space, Trillium recognizes the need to harness private capital to create a meaningful response to the coming devastation from climate change. While many companies have taken impressive individual commitments, only a collective effort can create the level of action needed to make real impact on this critical issue. We thank Bloomberg for their continued leadership and look forward collaboratively developing concrete next steps as part of the team.”

– Matt Patsky, CEO

“We are pleased to be a founding member of the Alliance and look forward to collaborating with our peer banks and other institutions to advance climate finance and accelerate the transition to a low-carbon economy. We will leverage the expertise of our distinguished partners in this endeavor as we work to meet our own ambitious sustainable finance goals and engage all of our stakeholders on this critical journey.”

– Mary Wenzel, Head of Sustainability and Corporate Responsibility

Contact

We encourage additional companies to join the Alliance at any time.
Email bsustainable@bloomberg.net for more information or to join the Alliance.