~Sustainable Banks Apply Now!

Noise abounds in every single industry regarding sustainability and green initiatives, and ing just isn't being forgotten within the race for environmental policies aimed at the public that is certainly quick expecting it a part of day-to-day business procedure. But which s are just jumping about the green bandwagon and which s are changing their infrastructure or have built a around 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 power plants in Texas. Canadian s including BMO, CIBC, RBC, Scotia and Toronto-Dominion fund oil, gas and forest clear-cutting. Citigroup, Merill Lynch and Morgan Stanley funded the Three Gorges Dam which can be considered on of China's most environmentally damaging projects, and "...Sets records for number of people displaced (more than 1.2 million), quantity of cities and towns flooded (13 cities, 140 towns, 1,350 villages), and length of reservoir (more than 600 kilometers). [1] [2]

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A recent article by Marina Shifrin from MyBankTracker.com lets us know that Bank of America, Morgan Stanley and Wells Fargo each one is playing the green game and announcing they will no longer keep the environmentally damaging causes they've supported within the past. While I believe this being true, I am another skeptic and believe that big business is above all focused on making money, otherwise, it would not certainly be a business.

Sustainable Banks

Banks Doing Good:

New Resource Bank from san Francisco is a "Planet smart ing [that]...works for people, planet and profit in everything we do." New Resource Bank has, "LEED Gold-rated headquarters, ongoing initiatives to relieve our resource consumption, community contributions and programs that educate and engage customers." They also have an entire page called, "how we're sustainable", as well as a blog touting the sustainable businesses they've helped support. They are positioned in San Francisco Bay Area knowing that is currently their only branch, however they do possess a reimbursement policy for ATM withdrawals up to five per month, domestically and internationally.

BNP Paribas, which calls itself, "The Bank for any Changing World", has well-marked corporate responsibility and sustainable development pages. They are inside the technique of building, "a new Corporate Philanthropy program whose aim will probably be to aid research projects on climate change." They possess a blog, "for employees, partners and websurfers to share goodwill initiatives." They include the parent corporation of First Hawaiian Bank and Bank from the West. "Founded in 1874, San Francisco-headquartered Bank from the West is but one in the largest s based within the West and one of the largest commercial s inside U.S. Bank in the West will be the nation's third largest agricultural lender along with the number 1 indirect financing lender to nearly 4,000 auto and RV/marine dealers through the U.S."

People's United Bank is primarily an east-coast , although I typed in my local zipcode here in California and may have continued to open up a free account from here. People's generally seems to concentrate on local humanitarian causes focusing on children, art in schools, youngsters with disabilities and homeless shelters, donating significant amounts annually to varied institutions.

If none of the s interests you, or has service within your area, the most effective way to find out where you're putting your cash is to research the local s and refer in their mind as up or go ahead and talk with them about where they're investing your money. Be sure and know who owns the s you could think are local. For instance, out here on the Peninsula, I belief that First Republic would are already a small, privately owned . Not so, we were holding belonging to Merill Lynch. And if, like me, that you do not read financial news when you live outside with the country, you could not realize that in 2008 Bank of America acquired Merill Lynch.

I happened to luck out and open my first US bank checking account in a decade at Bank in the West, though my choice was based purely for the undeniable fact that I opened my first bank account there when I was 12. It's good to learn you can find other options out there, and if your interest of Big Banking in sustainability maneuvers is any indication, there will be more socially and environmentally responsible s from which to decide on in the not-to-distant future.

- Jocelyn Broyles © 2013

[1] InternationalRivers.org

[2] "Responsible Bank Cards " Published May/June 2008 on GreenAmerica.org

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