Banque Cantonale de Fribourg
Your bank falls short in climate responsibility.
The bank does not provide sufficient disclosure for us to determine whether it lends to fossil fuel companies. We see no evidence that the bank finances renewable energy companies.
We would like to see the bank measure greenhouse gas emissions enabled by its lending and set science-based targets to reduce those emissions.
We would also encourage the bank to put in place an explicit policy stating that it will not finance fossil fuel companies or projects.
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Your bank may be ignoring the Paris Agreement.
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.
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