Exchange Bank of Canada
Your bank falls short in climate responsibility.
Exchange Bank is a foreign currency exchange provider. It does not engage in retail banking.
Exchange Bank and its parent CXI could be more transparent about its lending practices and policies.
The bank has a Credit Agreement in place with BMO Harris Bank, which has been rated by bank.green as a bank lacking climate responsibility.
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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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