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Can switching banks cut your carbon footprint?

Quartz: “Most major US and European banks have set long-term goals to eliminate greenhouse gas emissions from their lending portfolios, yet remain tied to fossil fuel companies, which make up a big share of their business. As an average customer of one of these banks, a portion of your deposit is destined to make its way into the ledgers of fossil fuel companies, and support the production of climate-busting emissions. Switching to a less fossil-intensive bank—that is, one in which a smaller share of total financing is dedicated to fossil fuels—could be a way to limit your contribution to that process. If you’re considering a switch, use our tool to compare banks’ fossil-fuel intensity including a breakdown of the sub-sectors they finance…”

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