Did you ever consider that you could be inadvertently helping the fossil fuels or weapons industry with your savings account? Did you know that by switching to a sustainable bank you can likely save several tons of CO2 per year?
In this episode we speak with Florian Koss, Head of Communication and Marketing at the Triodos Bank Germany. He talks about sustainable banks, how they differ from normal banks and about how banks can have a positive social impact.
If you are thinking about changing your bank account or switching to a more sustainable fund, check out our blog post on Sustainable Banking. We have done a lot of research on this topic and put together an extensive list of sustainable banks, guides for sustainable investing, and other resources related to sustainable finance.
We have listed most resources in our blog post on Sustainable Banking. Further resources mentioned in this episode are:
- PCAF (Partnership for Carbon Accounting Financials)
- Study (in German) by the Verbraucherzentrale Bremen on the carbon footprint of investment funds, showing that you can reduce your footprint by up to 741 kg of CO2 per 1000 Euro by investing in a more sustainable fund: Der Klimafußabdruck von Investmentfonds
- Climate impact of changing your bank account: Investing in Climate Change – Dutch Banks Compared
- Please note that this study is from 2007 (and not, as mentioned in the episode, eight years old)
- The annual CO2 emissions per 1000 € on a savings account are stated as 189 kg for the worst and 0 kg for the best bank in this study
- Facing Finance
- United Nations Sustainable Development Goals (SDGs)
- Article by ECOreporter on the SDG-impact of various funds: Triodos Bank lässt SDG-Wirkung ihrer Fonds messen
- Geld bewegt
You can learn more about the How to Make a Difference podcast on:
You can find the episode transcript here.