Camden National Bank
Last Rated in Apr 2025
Your bank has room for improvement on climate responsibility.
Camden National has not been entirely transparent about its lending activities, so we cannot rule out that it finances the fossil fuel industry. However, as the majority of its commercial lending is to small businesses, we think this is unlikely.
We'd like to see Camden National put in place an explicit policy stating it will not lend to fossil fuel companies. We would also like to encourage it to start lending to renewable energy companies and projects and to introduce "green" products for retail (individual) customers.
We'd also like to see the bank measure greenhouse gas emissions enabled by its lending and set science-based climate targets over those emissions.
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