Bank.Green

?? BREAKING: US Banks Lag on Climate Action ?? Follow the link to find out more. ?? #ClimateChange #Environment #ClimateAction #Banking #Sustainability #PersonalFinance

?? ?? Here is this month's fourth and final Climate Responsibility in Banking series clip!??? ?? ? We've been diving deep into the nitty gritty, so it's time to get back to basics; this week Katherine Markova tells us how banks work. Want to catch the full series? You can find it in our blog: https://lnkd.in/evHk4dtd!" #Bank.Green #ClimateAction #FinanceForFuture

?? Your Money Has Power – Use It for Good ?? Did you know your bank might be financing climate destruction? The world's top 60 banks have funneled $6.9 trillion into fossil fuels since 2016, fueling the climate crisis. Here’s the hard truth: Many banks use customer deposits to fund oil drilling, coal mining, and gas pipelines—all while claiming to be "sustainable." But we don’t have to accept this. By moving your money to a bank that funds renewable energy, you take back control. You make sure your hard-earned savings aren’t supporting climate destruction. ? Check if your bank is financing fossil fuels. ? Find a better alternative at Bank.Green ?? ? Share this with your network—let’s build a movement for climate-friendly finance! Your money matters. Let’s make it count. ?? #BankingOnChange #FossilFreeFinance #ClimateAction #BankGreen #ClimateCrisis #ClimateChange #FossilFuels #ClimateAction #SustainableFinance

?? BP’s Big Pivot: From “Beyond Petroleum” to “Back to Petroleum” ???? BP has cut billions from its renewable energy investments and is instead increasing oil and gas production by 20%. This shift comes after pressure from shareholders demanding higher profits and a stronger stock market performance—even at the cost of the climate. Five years ago, BP set ambitious goals to reduce oil and gas production by 40% by 2030 and ramp up renewables. But now, under new leadership, that commitment has crumbled. The company now plans to pump up to 2.5 million barrels of oil per day by 2030. ?? Why is this happening? ? Money talks. BP’s returns have lagged behind fossil fuel-heavy competitors like Exxon and Shell, leading some investors to push for a return to traditional oil and gas. ? Climate commitments take a backseat. BP’s CEO now says the company went “too far, too fast” in shifting to renewables. ? Political tailwinds. As global leaders debate energy security, fossil fuel expansion is gaining support, while renewables face policy uncertainty. ?? The Consequences: Environmental groups are calling this move proof that fossil fuel giants cannot be trusted to lead the clean energy transition. Even some BP investors are pushing back, saying the company should allow a shareholder vote on its climate commitments. ?? What Can You Do? BP’s move reminds us that fossil fuel companies will always prioritise profits over the planet. But we can take action: ? Check if your bank funds fossil fuels (many do!) and switch to ethical banking. ? Support policies that promote clean energy and climate accountability. ? Demand transparency from corporations about their environmental impact. Political winds may have changed but science remains clear. The climate crisis is still here. It’s up to us to hold businesses and banks accountable. ?? Learn more in our bio and don’t forget to check your bank. #FossilFuels #ClimateChange #ClimateCrisis #ClimateAction #DivestFromFossilFuels #SustainableFinance #BankGreen

?? HSBC, like most banks committed to funding fossil fuel projects, has had a wavering, vague climate stance. Now, HSBC has decided to make its position as clear as possible. In a revised version of its Thermal Coal Phase-Out Policy & Energy Policy, the bank has essentially declared that if it wants to fund thermal coal projects, then it will. ?? ?? A new report from the Nordic Center for Sustainable Finance provides a comprehensive view of banks' fossil fuel funding activities throughout the Nordic countries. The report contains both good and bad news, yet many banks are moving away from funding specific types of fossil fuels. As this sector still provides billions of dollars for fossil fuel projects, these developments are crucial. ?? A fantastic (and surprising) sustainability update from Citigroup, one of the world's largest fossil fuel funders: it has announced a new climate target, pledging to reduce emissions from its oil and gas underwriting by 29%. By 2030, Citigroup has firmly stated it will have reduced those emissions by the pledged percentage. ?? ?? #BankGreen #sustainabilitynews #sustainablefinance #climatechange #finance #banking #HSBC #Citigroup

?? ?? Welcome to our third?Climate Responsibility in Banking?series clip of the month!??? ?? Katherine Markova dives into today's topic:?Why do loan amounts vary by bank? ?#BankGreen #ClimateAction #FinanceForFuture

?????Have you ever wondered whether your money might be going to the wrong places? Chances are, the bank you use is funding businesses engaged in fossil fuel expansion and other forms of environmental destruction. Without your deposits, banks would be unable to finance these activities. ??Take the first step and find out whether your bank is funding climate chaos using our Bank Check tool. Watch this video to learn how, then take action! ?? Stay tuned for our next video: finding the right sustainable bank using Bank.Green’s online resources. ? #BankGreen #Sustainability #SustainableFinance #GreenBanking #ClimateAction

?? As many turn green for St. Patrick’s Day, we’re looking at whether the banking sector is following suit—or just pretending to. Some banks are making real progress toward sustainability, while others are finding creative loopholes to keep funding fossil fuels. From HSBC’s sneaky policy update to Citigroup’s surprising new climate pledge to our special reports on Canadian and Irish banking sectors, this issue of the Bank.Green Newsletter uncovers who’s truly embracing the green and who’s just wearing it for the holiday. #ClimateFinance #GreenFinance #ClimateCrisis #Greenwashing #FossilFreeBanking #BankGreen #ClimateChange #SouthAfrica #Ireland #GreenBanking #StPatricksDay Click below to read more! ??

?? Weighing in on South African Banks ?? What does it take to tip the scale? ???We’ve rated South Africa’s biggest banks based on their climate responsibility. See where they rank: ???0 - Great (leader in climate responsibility) ? 4 - Good (climate responsible) ???1 - OK (room to improve on climate responsibility) ? 5 - Bad (falling short on climate responsibility) ?? 3 - Worst (failing on climate responsibility) ?? Transparency is a major issue. A third fail to disclose fossil fuel and renewable energy lending. Fewer disclosed financed emissions, and none of the banks have validated climate targets. ?? Your choice matters. It only takes 10-20% of people to tip the scale. Check your bank’s rating and push for real climate action! ???Read the full report and take action now! https://buff.ly/EUlY8cH #ClimateFinance #TippingPoint #FossilFreeBanking #BankGreen #SouthAfrica #GreenBanking

?? ?? Welcome to this month's second Climate Responsibility in Banking series clip!??? ?? Today, we address a critical question:?How does the bank use my $100? Ever wanted to know what happens to the money you put in the bank? Listen to our Head of Ratings, Katherine Markova, deep dives into the good, the bad, and the ugly of your money's impacts. #BankGreen #ClimateAction #FinanceForFuture