Sunrise Banks’ Post

Let me know if you have questions on Net Zero deposit fund or a project you would like to discuss!

Climate First Bank, the world’s first #FDIC-insured community bank dedicated to addressing the climate crisis, has unveiled an enhanced version of its #ResidentialSolarLoan product. This innovative offering features a groundbreaking 30-year term with an interest rate of 7.83% and a 7.99% APR*. This move stands out as the first instance of a financial institution reducing #solarloan rates while extending the loan term, underscoring the bank’s commitment to providing accessible and #sustainablefinance solutions. Additionally, clients who enroll in auto-pay will benefit from a 0.25% discount on the new #ResidentialSolar Loan product, resulting in a reduced rate of 7.58% with a 7.73% APR**. #ClimateFirstBank #SolarLoan #SustainableFinance #ClimateCrisis #RenewableEnergy #SustainabilityFinance #CommunityBanking #ClimateAction #CleanEnergyFinance #30YearLoan Read more: https://lnkd.in/dD-B3-w7

Did you know that just moving your savings out of a Big Bank could reduce your carbon footprint by ~16%?   In fact, depending on how much you move, using a green financial partner like Aspiration* can be even more impactful than driving an EV and installing solar panels…combined!   And the best part is that it doesn’t cost a thing 💸       *The Aspiration Spend & Save accounts are checking and savings accounts offered through Coastal Community Bank, Member FDIC. Aspiration is under separate ownership from any other named entity. Aspiration is not a bank. For any extra services such as a wire transfer, Aspiration commits to "All Extra Services Provided at Cost," meaning that we'll only charge you what it costs us to provide the extra service, and not a penny more. Other third-party fees may apply.

🌍 Free e-book when you attend The Lender Path to Net Zero webinar Join our webinar with Bankers for Net Zero (B4NZ) and Just Group plc on Tuesday 11th to receive an exclusive e-book, A Guide to the Net Zero Transition: 7 Essential Steps for Mortgage Lenders. The guide will include insights on how to set targets against decarbonisation scenarios, stress test the materiality of climate risks, prepare disclosure reports for regulators, and more. Sign up via the link below. https://lnkd.in/eGy-46Qj #NetZero #MortgageLenders #ClimateStrategy #Decarbonisation

Commbank will no longer lend to fossil fuel companies, including gas, without a credible transition plan. It is a step in the direction needed and a policy that reflects a relatively long standing trend of decreased exposure. It is also a win for the likes of Market Forces, the Carbon Disclosure Project, and Activist shareholders, and activists like the Greens without whose work to create transparency and demonstrate costs of such investments, the remedial policies and decisions would otherwise be even more delayed. https://lnkd.in/dR74jNyw

When I opened Ever Generate in 2022, it took me 3 weeks to find an online bank with the professional level of services my business needed and that clearly focused on sustainable financing. I found Climate First Bank and they’ve provided my business stellar services. I hope since then, many other banks have started offering services for businesses that want climate-friendly solutions. The world’s future is personally and professionally important to me, it’s not just business as usual. FastCompany, thanks for a very helpful “how to” article on evaluating personal banking solutions to better understand if 20-30% of our finances are involved in funding carbon-intensive sectors, ways to approach this topic with our banks, and if necessary how to switch banks. Taking a moment to have a meaningful conversation on this subject with your bank, instead of simply leaving, is truly important so they understand your sentiment and what matters to you as one of their clients. Otherwise, how would they know?   Many thanks to Project Drawdown for their research insights around consumer banking’s impact on our climate. Thank you for growing our awareness around the impact our personal finances have on our planet. Please note, I am not receiving any compensation for mentioning Climate First Bank, Project Drawdown or FastCompany, nor are they clients of mine.

The 2024 Banking on Climate Chaos Report reveals that the world's 60 largest banks have invested $6.9 trillion in fossil fuels over the past eight years, including $705.8 billion in 2023 alone 👀 Values-based banks are showing that divestment from fossil fuels – and investment in restorative alternatives like renewable energy and affordable housing – is possible and impactful. Read the latest Banking on Climate Chaos Report to learn more: https://lnkd.in/g2mYF52m #GreenBanking #EthicalBanking #BankingOnClimateChaos #MoveYourMoney #ValuesBasedBanking Beneficial State Bank Member FDIC | Equal Housing Lender

Staggering growth in the #ResidentialSolar industry can create challenges for lenders. Download our case study and discover how you can manage risk and keep up with scaling loan volumes. https://ow.ly/HTF350T1VzR #consumerlending #lending #ucc #creditunions #communitybanks #solar #compliancesolutions #liensolutions #replus #replus24

👏 CommBank sets a bold precedent for sustainable finance 👏   We applaud Commonwealth Bank for its outstanding leadership in sustainable finance. By committing to phase out funding for fossil fuel companies without credible emissions reduction plans, CBA is not only demonstrating a commitment to the #ParisAgreement but also showing the courage to translate principles into action.   This bold move sends a powerful signal to the entire financial sector, proving that profitability and sustainability can go hand-in-hand. We hope to see other institutions follow suit, recognising that investing in a sustainable future is not only the right thing to do but also essential for long-term economic prosperity.   EnergyFlex is proud to work with CBA in the fight against #ClimateChange and building a greener future for Australia. Camilla Waterhouse | Monique McCullough | Julie Hall | Benjamin Rubbo | Adam Clark | Australian Broadcasting Corporation (ABC) #SustainableFinance | #RenewablesReady | #ClimateChange | #PeoplePlanetProfit

Major Banks Embrace Greener Financing for Commercial Real Estate Major banks, such as BNP Paribas and Barclays, are proactively pursuing emissions reductions in their commercial real estate (CRE) portfolios. BNP has set an ambitious target of a 41% cut in emissions by 2030. The driving force behind this shift is the EU's new Energy Performance of Buildings Directive, which necessitates banks to reevaluate CRE loans. This may result in heightened costs and risks for properties in need of green upgrades. Consequently, banks are considering alternative strategies including private market investments and synthetic securitizations to mitigate the financial ramifications of stricter green regulations. The transformation towards greener CRE financing not only serves as a regulatory obligation but also underscores a market-driven imperative. This emphasizes the essential need for cohesive efforts among policymakers, financial institutions, and the real estate sector to guarantee economically viable retrofitting and upgrades. # Thank you Adriana Cruz for your submission!