From a second withdrawal from the Paris Agreement to an emphasis on oil and gas drilling through declaring an energy emergency, to decisions as seemingly minor as reintroducing plastic straws, the Trump administration has made an 'environmental U-turn' in the world’s largest economy. The effects will ripple across the world, potentially sending sustainable finance, first gaining momentum in 2018, back years.
Similar to this trend is a growing backlash in the US against diversity, equity and inclusion DEI initiatives. A Forbes aggregated report revealed that US-based financial institutions including Bank of America, Citi, JP Morgan Chase, among others, are “watering down” language around DEI plans, while the Trump...
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