Patriot Bank, National Association
Your bank falls short in climate responsibility.
Patriot Bank lacks transparency in its lending activities, and for that reason we cannot rule out that it provides financing to the fossil fuel industry. However, we think it's unlikely given the total commercial lending is only $139 million.
Last reviewed:
We'd like to see the bank put in place governance around climate risks, measure the impact of emissions enabled by its lending, set science-based targets, introduce "green" retail products, and set a clear exclusion policy stating it will not finance the fossil fuel industry.
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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