Commerce Bank
Your bank is failing on climate responsibility.
Not only does Commerce Bank continue to fund the fossil fuel industry, that funding increased by $66 million between 2023 and 2024. There is no evidence that the banks supports renewable energy projects, significantly contributing to the climate crisis.
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This bank has not measured emissions it's accountable for, has not set any targets, and has no fossil fuel exclusion policy (policy stating it will not fund fossil fuel industry in the future).
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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