25 Sustainable Banks That are Better for the Planet
According to a 2023 report, big banks invested $5.5 trillion to fossil fuels. But there are financial institutions across the U.S. that prioritize sustainability and environmental action through policies and initiatives. Rather than fueling fossil fuel companies, they focus on sustainable finance by partnering with organizations focused on combating the climate crisis.
If you are ready to ditch your dirty bank and move to a more eco-friendly bank, we’ve got you covered. If you need some more support in making the switch, download Commons and take the "Green Your Bank" action.
Fossil Fuel Free banks
Here are the environmental banks that don’t fund any fossil fuel projects, the leading driver of the climate crisis:
- Alamerica Bank
- Berkshire Bank
- Beneficial State Bank
- Carver Federal Savings Bank
- Carver State Bank
- Centinel Bank of Taos
- Mechanics & Farmers Bank
- National Cooperative Bank, N.A.
- Ponce Bank
- Spring Bank
B-Corp certified banks
B Lab is the organization behind the famous B Corp Certification. It assesses the company’s social and environmental performance data to see how its operations and business model impact workers, the community, the environment, and customers. They have certified the following banks in the U.S.:
- Amalgamated Bank
- Androscoggin Bank
- Atmos Financial, PBC
- Beneficial State Bank
- Brattleboro Savings & Loan
- City First Bank
- Climate First Bank
- Martha's Vineyard Bank
- Mascoma Bank
- O-Bank
- Piscataqua Savings Bank
- Southern Bancorp, Inc.
- Spring Bank
- Sunrise Banks
- VCC Bank
GABV certified banks
Similar to B Corp, the Global Alliance for Banking on Values analyzes the social and environmental performance data. It assesses if the bank or credit union puts a triple bottom line approach at the heart of the business model, serving the real economy, prioritizing long-term relationships with clients, self-sustaining resiliency, transparency, and embedding these principles in their culture
- Amalgamated Bank
- Beneficial State Bank
- City First Bank
- Decorah Bank and Trust Co.
- National Cooperative Bank
- Southern Bancorp
- Spring Bank
- Sunrise Banks
Fossil-Free certified banks
According to the Fossil Free Alliance, the following banks have all gone on record to state that they would not aid the expansion of fossil fuel extraction, production, or infrastructure:
Choosing from these banks is a set-it-and-forget it way to ensure that your money is not funding the climate crisis.
DOWNLOAD Commons to calculate how much emissions you'll by Greening Your Bank→
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