Outside Online discusses why Your Money Might Be Working Against the Environment. The good news: you can easily opt for a greener bank so your money works for good.
If you keep your money in a checking account with a major bank in the United States, there’s a good chance you’re inadvertently funding projects that directly negate the efforts you make to mitigate your climate impact. If you’re signed up with a big bank like Chase, Wells Fargo, Citibank, or Bank of America, bad news: your money is working against the environment.
John Oppermann, executive director of the environmental awareness nonprofit Earth Day Initiative, recommends starting your search with local credit unions, which typically have better sustainability records and are more focused on your community. But there are also some bigger options with solid records.