Your money is funding the climate crisis at an alarming rate
In the 8 years since the Paris Agreement, banks like this one have funneled $6.9 trillion into coal, oil, and gas, rapidly accelerating the climate crisis.
The bank's financing for the renewable energy sector remains inadequate compared to the substantial lending it provides to the fossil fuel industry. While the bank emphasizes social equality and net-zero goals, its environmental policies remain insufficient. This bank lacks transparency regarding its emissions reduction targets.
If you work for the bank, we recommend reviewing this page to understand how to improve your environmental impact rating in the future. If you're a customer, voicing your concerns directly to the bank can send a powerful message. Banks will be compelled to reassess socially and environmentally irresponsible funding if they recognize growing concern from their customers. In the meantime, consider exploring our sustainable banks page for more environmentally responsible alternatives.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects