Noise abounds in every enterprise concerning sustainability and green tasks, and banking is not to be left at the back of within the race for environmental rules aimed at a public this is short expecting it as a part of every day business manner. But which banks are just jumping at the green bandwagon and which banks are changing their infrastructure or have constructed a financial www evergreenbanking com institution round environmental and humanitarian stewardship?
Bank of America has funded environmentally devastating mining in Appalachia.
Citigroup, Morgan Stanley (Discover Card) and Merrill Lynch funded new coal-fired strength plants in Texas.
Canadian banks along with BMO, CIBC, RBC, Scotiabank and Toronto-Dominion fund oil, fuel and woodland clear-cutting.
Citigroup, Merill Lynch and Morgan Stanley funded the Three Gorges Dam which is considered on of China’s maximum environmentally destructive tasks, and “…Sets information for quantity of humans displaced (extra than 1.2 million), quantity of cities and cities flooded (13 towns, 140 towns, 1,350 villages), and period of reservoir (more than six hundred kilometers). [1] [2] www evergreenbanking com
A current article through Marina Shifrin from MyBankTracker.Com tells us that Bank of America, Morgan Stanley and Wells Fargo all are gambling the inexperienced game and saying they’ll now not support the environmentally unfavourable reasons they have supported inside the past. While I trust this to be real, I am additionally a skeptic and trust that big enterprise is first and primary worried with getting cash, otherwise, it would not be a commercial enterprise.
Banks Doing Good: www evergreenbanking com
New Resource Bank out of San Francisco is a “Planet smart banking [that]…Works for people, planet and income in the whole thing we do.” New Resource Bank has, “LEED Gold-rated headquarters, ongoing projects to reduce our aid consumption, community contributions and programs that teach and have interaction clients.” They also have an entire page called, “how we’re sustainable”, and a blog touting the sustainable groups they have helped aid. They are located in San Francisco and that is currently their best branch, but they do have a repayment coverage for ATM withdrawals up to 5 according to month, locally and across the world. www evergreenbanking com
BNP Paribas, which calls itself, “The Bank for a Changing World”, has nicely-marked corporate duty and sustainable development pages. They are in the technique of building, “a brand new Corporate Philanthropy software whose goal will be to assist research tasks on climate exchange.” They have a weblog, “for personnel, partners and websurfers to share goodwill initiatives.” They are the figure enterprise of First Hawaiian Bank and Bank of the West. “Founded in 1874, San Francisco-founded Bank of the West is considered one of the biggest banks based totally inside the West and amongst www evergreenbanking com the largest commercial banks inside the U.S. Bank of the West is the nation’s third largest agricultural lender and the number one indirect financing lender to nearly 4,000 vehicle and RV/marine sellers all through the U.S.”