Net Zero Deposits turn 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 designate deposits from your Checking, Savings or CD account to net zero projects that reduce or avoid carbon emissions including:
- Energy Reduction and Efficiency Upgrades
- Renewable Energy
- Green Buildings
- Electric and Hybrid Vehicles
Visit our Resource Center to learn more about Net Zero Banking and the local projects it supports.
How Net Zero Deposits Work
Open A Sunrise Banks Account
Personal or business checking, savings and certificate of deposit accounts are all eligible to be designated for Community Impact Deposits.
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Designate Your Account Balances for Net Zero Deposits
When you open an account online, you can choose to designate it to Net Zero Deposits. If you already have an eligible Sunrise Banks account, just let a banker know you’d like to assign your existing Sunrise Banks accounts to the initiative. Your deposit dollars will be designated to loans designed to drive the transition to a net zero economy.
Watch Your Community Grow
You get to maintain normal access to your account and funds, per the terms and conditions of the account. The money is still yours – Sunrise Banks simply leverages your dollars to make loans that benefit the planet.
Rest easy knowing your money is working to make a meaningful impact.
To designate your existing Sunrise Banks account to Net Zero Deposits, complete the form below to get in touch with a banker.
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.
Why Getting to Net Zero Matters
According to Project Drawdown, big banks in the U.S. lend as much as 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 Net Zero Deposits, 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 a1.5 degrees Celsius and mitigate climate change’s worst impacts, according to The Paris Agreement.