Dime Commercial Bank
Your bank falls short in climate responsibility.
Dime does not disclosure sufficient information on its lending practices, so we cannot rule out that it funds the fossil fuel industry. We'd like to see the bank introduce a policy stating that it will not finance fossil fuels.
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We'd also like to see it measure its emissions, put in place emission reduction targets and develop new "green" products, such as preferential rates on loans to purchase solar panels and EVs.
If they engage in energy financing, they are likely to lend far more to fossil fuels than renewable sources. They may have limited or no effective policies to improve their climate impact and may lack meaningful targets for reducing the emissions they are responsible for.
While they might show some engagement in sustainable practices or offer certain green lending products, these efforts are insufficiently developed or prominently displayed to make a significant impact.
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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