Prosperity Bank
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Prosperity Bank is a financial institution that provides personal and business banking services throughout Texas and Oklahoma.
The bank proudly touts its support for the fossil fuel sector. At the end of 2023, the bank had $840 million of funding and commitments to the oil & gas companies. We see no evidence of it providing funding to renewable energy projects.
The bank has not measured the greenhouse gas impact of its lending, has not set any climate targets and does not have a policy stating it will not lend to the fossil fuel sector.
The bank's idea of environmental responsibility is to install motion sensors for lighting controls, and other low leverage solutions, in its banking centers.
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Bank.Green was founded on the belief that banks have had an easy time from their customers for too long. Mass movements will pull us out of the climate crisis – and they'll pull Prosperity Bank out, too.
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