Noise abounds in each and every industry regarding green initiatives and sustainability, and banking is to not remain in the race for green policies targeted at a public which is fast expecting it as a part of day-to-day business procedure. But whose banks are simply jumping on the eco-friendly bandwagon and whose banks are changing the infrastructure of theirs or even have established a bank around humanitarian and environmental stewardship?
Citigroup, Merill Lynch and Morgan Stanley funded the 3 Gorges Dam that is thought on of China’s most environmentally harmful projects, and also “…Sets records for quantity of individuals displaced (more than 1.2 million), quantity of towns and cities flooded (thirteen cities, 140 towns, 1,350 villages), and duration of reservoir (more than 600 kilometers).
A recently available post from https://www.bankroutingnumbers.org informs us that Bank of America, Morgan Stanley and Wells Fargo each are participating in the green game and also announcing they’ll not support the environmentally harmful causes they have supported in previous times. While I think this being true, I’m additionally a skeptic and think that business that is big is first of all concerned with earning profits, or else, it would not be considered a small business.
Banks Doing Good:
New Resource Bank from San Francisco is a “Planet smart banking [that]…works for individuals, profit and planet in all things we do.” New Resource Bank has, “LEED Gold rated headquarters, ongoing initiatives to bring down the resource usage of ours, community input and programs which teach and engage customers.” They likewise have a full page called, “how we are sustainable”, along with a website touting the alternative companies they have helped support. They’re placed in San Francisco and that’s presently the single department of theirs, though they actually do possess a reimbursement policy for ATM withdrawals of up to 5 monthly, internationally and domestically.
BNP Paribas, which calls itself, “The Bank for a Changing World”, has well marked corporate responsibility and renewable development pages. They’re in the system of developing, “a new Corporate Philanthropy program whose goal is going to be supporting research projects on climate change.” They’ve a blog, “for employees, websurfers and partners to talk about goodwill initiatives.” They’re the parent corporation of First Hawaiian Bank and Bank of the West. “Founded in 1874, San Francisco headquartered Bank of probably the West is among the biggest banks based in the West and of all the largest industrial banks in the U.S. Bank of the West is the nation’s 3rd largest agricultural lender as well as the top indirect financing lender to almost 4,000 auto and RV/marine dealers all over the U.S.”