The Globe and Mail reports in its Tuesday edition that four major Canadian banks have now come forward to announce their support for a new multinational institution dedicated to financing defence projects. The Globe's Pippa Norman writes that Scotiabank, CIBC and National Bank have followed the lead of RBC, becoming partner banks of the development group working to establish the Defence, Security and Resilience Bank (DSRB). The Canadian institutions join JPMorgan, ING, Deutsche Bank, Commerzbank and Landesbank Baden-Wurttemberg, partnering with the bank's development group. TD Bank and BMO declined comment. Defence companies in Canada have long lamented the difficulties associated with receiving financing or investments in the country. Many Canadian financial institutions historically adopted strict environmental, social and governance (ESG) standards that discouraged or prohibited investing in defence firms, contributing to a stigma around the sector. Initial contributions made by NATO members will count toward their commitment to spend the equivalent of 5 per cent of GDP on defence.