Valley National Bank
Sorry, we don't know enough about Valley National Bank yet.
Valley Bank is a regional bank headquartered in Morristown, New Jersey. It operates across New Jersey, New York, Florida, Alabama, California, and Illinois.
The bank is not transparent about its lending to the fossil fuel sector, so we cannot rule out that it funds coal, oil and gas projects. However, we think it's unlikely.
The bank does have a small amount of lending to (as well as investments in) renewable energy projects. Valley also has a program offering discounted financing for hybrid and electric vehicles.
We would like to see the bank measure the greenhouse gas impact of its lending, set science-based climate targets and put in place a clear policy that it will not lend to fossil fuel companies.
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