The Carbon Bankroll 2.0

Companies have historically treated their banking and investing as a climate-neutral activity, but as Topo Finance’s new report reveals, companies’ financial management may be both their largest source of emissions and their most powerful lever for climate action. The Carbon Bankroll 2.0: From Awareness to Action report, which builds on the pioneering research published in The Carbon Bankroll 1.0, illuminates that these overlooked emissions are larger and more ubiquitous than previously reported. As a result, companies have an even greater responsibility and opportunity to leverage their financial management to drive exponential emissions reduction. Try their bank carbon emission calculator: Where you bank matters: When you deposit money in a bank, it does not just sit there. Banks lend your money to everything from energy development to mortgages. As a result, every dollar you deposit has an associated carbon footprint, which can vary by 80% depending on where you bank. So what’s your banking’s climate impact, and how can you reduce its emissions?