The easiest thing you can do for the planet
Did you know British Banks finance 805M tonnes of CO2 production per year? So, switching your bank account, investments, and pension to eco-friendly alternatives that don’t directly support the fossil fuel industry is not only the easiest* lifestyle change you can make, but also quite possibly the most impactful. Here are a few examples of climate conscious banks that you could use…
Triodos Bank
Is a Certified B Corp
Has a current account fee of £3 a month
Is fully transparent, publishing details of each investment on their website
Uses a Contactless Mastercard made from renewable plant-based materials, making it fully recyclable when it's expired.
Nationwide Building Society
Has physical branches
Is not listed on the stock market and operates as a mutual
Is accountable to its members rather than its shareholders
Offers a range of current accounts, from free to a £13 monthly fee
Starling Bank
Is paperless & runs on renewable energy
Lends to UK-based individuals and small businesses, and never to companies involved in the extraction of fossil fuels
Have recently stated that new and replacement debit cards will be made from 75% recycled PVC plastic
Have pledged to become a NetZero company
Monzo Bank**
Has no physical branches, reducing their carbon footprint
Uses fully recyclable packaging to send out cards
Created a 'Banking For All' campaign to help vulnerable groups, people with health problems, and recent immigrants
I currently use Monzo and if you **use this link, when you join and make a payment, we will both get £5! Fun!!
Switching current account won't affect your credit rating, any payments to your old account will be redirected and you can choose a switch date to suit you. The current account switch will be complete within 7 working days. Visit the Current Account Switch Service website for more details.
*If you are neurodivergent or have anxiety or there is any other reason that switching bank accounts may actually be very complicated and difficult for you, please check out these eco friendly tips that will hopefully include an accessible way for you to be involved in climate action!