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Frost Bank

Your bank is failing on climate responsibility.

Frost Bank is based in San Antonio, Texas, with 155 branches and 1,700 automated teller machines in the state. It is a subsidiary of Cullen/Frost Bankers, Inc., a bank holding company. It is one of the 60 largest banks of the country by total assets.

Frost Bank finances fossil fuel companies. In the first quarter of 2024, it financed $938 million across the production, transportation, refining and trading of oil and gas. In fact, it has actually increased its fossil financing each year since 2022.

We would like this bank to halt fossil fuel financing and instead start financing renewable energy projects. The bank should measure and disclose greenhouse gas emissions enabled by its lending, set climate targets and finance "green" products, e.g. providing preferential rates for mortgages on energy efficient homes.

While you’ve been saving money for a home or a weekend get-away, your bank has likely been using your savings to lend to some very questionable fossil fuel friends.

Banks like this one have demonstrated that they're not interested in fighting in the climate crisis. While banks don't publish all of their lending information, we can see that this bank has positioned itself well to fund fossil fuels. We can also see its lack of interest in doing climate-positive things like measuring and disclosing its total emissions or stating that it doesn't fund fossil fuels. We've therefore given it our lowest rating.

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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.

Start to Bank Green Today

Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:

Send a message to your bank that it must defund fossil fuels

Join a fast-growing movement of consumers standing up for their future

Take a critical climate action with profound effects

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