Why These Banks?
Businesses that are good for the climate are good for people, too.
Businesses that are good for the climate are good for people, too.
All the financial institutions listed here have committed to not do business with any companies or projects engaging in fossil fuel extraction or infrastructure, via loans, share and bond underwriting, asset management, or advisory services. Essentially, this commitment means these institutions will not do business with the biggest oil, coal, and natural gas companies (also known as fossil fuel companies) that are accelerating climate change and polluting the air, water, and soil, literally making it harder for us to grow and breathe.
We started by contacting a group of 100 institutions. We structured outreach by starting with institutions that met one or more of the following criteria:
We started by contacting a group of 100 institutions. We structured outreach by starting with institutions that met one or more of the following criteria:
We are committed to uplifting and centering financial institutions led by BIPOC (Black, Indigenous, and People of Color) as well as those with an explicit commitment to building economic power in underinvested communities. What this means is that we’ve prioritized outreach to institutions that are owned or led by Black, Indigenous, Latinx, Asian American, or Pacific Islander people, as well as those that are B-Corps, Community Development Financial Institutions (CDFIs), and members of the Global Alliance for Banking on Values (GABV).
We’ve only just begun, and we’ll be adding more financial institutions as we go. If you don’t see your bank, credit union, or financial institution listed here, it doesn’t necessarily mean that they are a funder of fossil fuels. Let us know here if you’d like us to reach out to them to verify they are fossil-fuel free.
We use the term “banking” as a short way to talk about all the types of activities people do at banks, credit unions, and other financial institutions, like maintaining deposit accounts, taking out a loan, or opening a credit card.
