November 2025 Sustainable Finance Snapshot

There have been a series of measured but meaningful updates from leading banks, asset managers, and regulators recently. Rather than headline-grabbing pledges, most announcements focused on refining strategies, managing nature and transition risks, and responding to client demand for demonstrable climate alignment.

This monthly bulletin summarizes some of the key developments drawn from official reports, public statements, and research published during the month.

Strategy Announcements

• Deutsche Bank's Sustainable Finance Expansion: The bank updated its strategy to target transition finance opportunities, emphasizing scalable climate solutions in the global market.

• UBS's Resilient Investing Advocacy: UBS advocates for resilient sustainable investing across equities, bonds, alternatives, and private markets, emphasizing ESG strategies and climate tech opportunities.

• GSAM's Sustainable Investing Reset: GSAM reports sustainable investing is undergoing a reset, with investors shifting focus to substance, resilience, and economic fundamentals.

• Amundi's Mandate Inflow Expectations: Amundi says it’s expecting to see more inflows as a result of ongoing adjustments in institutional mandates triggered by a growing desire to manage climate risk.

• BNY Mellon's Nature Risk Focus: BNY Mellon highlights nature-related financial risks in its recent analysis.

• Crédit Agricole's Green Financing Commitment: The French bank pledged a 90/10 green-to-brown financing ratio by 2028, aiming to prioritize regenerative economies over emissions reduction alone.

  
  

Insights and Surveys

• NYC Comptroller's Pension Recommendation: NYC Comptroller Lander recommends pension boards drop BlackRock, Fidelity, and PanAgora due to inadequate decarbonization plans.

• JP Morgan's Climate Report: JP Morgan released a report on climate intuition, exploring resilience where climate change and national security intersect.

• Morgan Stanley's Investor Survey: A Morgan Stanley survey found 86% of asset owners planning to increase sustainable investments, with 90% viewing it as a key differentiator for managers.

• Capital Group's ESG Global Study: In Capital Group's 2025 ESG Global Study, 60% of investors show strong conviction in energy transition opportunities as a top sustainable theme.

  
  

Investments and Commitments

• Just Climate's Natural Climate Solutions: Climate-focused investor Just Climate raised $375 million, including $200 million from firms like RBC and Achmea, for investments in nature-based solutions.