The Net Zero Deposit Fund turns a basic bank account into a meaningful way to mitigate the impacts of climate change and drive the transition to a net zero economy.
As a Sunrise Banks customer, you choose to direct your deposits to a specific fund that is allocated by the bank to net zero projects that reduce or avoid carbon emissions including:
- Energy Reduction and Efficiency Upgrades
- Renewable Energy
- Green Buildings
- Electric and Hybrid Vehicles
What is Net Zero Banking?
Net zero banking is a practice where banks align lending and investment activities with the goal of achieving net zero greenhouse gas emissions. This effort is meant to reduce emissions and contribute to the mitigation of climate change through strategic financing and advocacy efforts by the bank and its partners.
Visit our Resource Center to learn more about Net Zero Banking.
Why Getting to Net Zero Matters
According to Project Drawdown Off Site Link, big banks in the U.S. lend as much as 20-30% of their portfolio to carbon-intensive sectors driving climate change. Most people don’t know what their bank account is funding or that it may be a significant source of carbon emissions. With the Net Zero Deposit Fund, you’ll know what is behind your bank account and how it is actively helping to reduce, remove, or avoid carbon emissions.
Reaching net zero emissions by 2050 globally has been identified as the way to limit the global temperature increase to 1.5 degrees Celsius and mitigate climate change’s worst impacts, according to The Paris Agreemen Off Site Linkt.
Participation is limited – Complete the form below to learn more.
Completing the form below is non-committal and allows us to stay in touch with you to provide resources relating to net zero banking and updates regarding the availability of the deposit fund.
The Net Zero Deposit Fund is initially designed to meet the needs of Business Banking accounts, with plans to extend the product offering to Personal Banking accounts later in 2024. Currently, depositors may elect to allocate up to $250,000 of their available balance to the fund.