Zions Bancorporation, N.A.
Your bank falls short in climate responsibility.
Still finances the fossil fuel industry, with 4.5% of its lending linked to mining, oil and gas companies. At the same time, it has invested heavily in renewable energy projects, providing $17 billion in financing between 2020 and 2024.
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We would like to see the bank publish a clear plan to reduce the climate impact of its lending and rule out financing for new fossil fuel projects. We'd also like to see it offer more environmentally focused products for customers, such as discounted loans for electric vehicles or home energy upgrades.
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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