Banks use your deposits to make loans to carbon-intensive industries. A new analysis finds that $1,000 in your account creates emissions equal to a flight from NYC to Seattle.

Archived copies of the article: archive.today ghostarchive.org web.archive.org

By switching to a climate-conscious bank, you could reduce those emissions by about 75 percent, the study found. In fact, if you moved $8,000 dollars—the median balance for US customers—the reduction in your indirect emissions would be twice that of the direct emissions you’d avoid if you switched to a vegetarian diet.

The big one in the US is Amalgamated Bank. Others are listed here

  • activistPnk
    1·
    7 months ago

    Of course it’s important to keep in mind the most green is probably to not bank at all – something I’m experimenting with myself. Then the only notable GHG would be from the armored cars.

    From this page:

    [T]he average U.S.-based adult with a bank account can reduce their estimated annual banking footprint by 76% by moving their money from the average carbon-intensive bank to the average climate-responsible bank.

    Even national central banks are investing in fossil fuels.