Real change is needed if the world is to become a better place, and the finance sector has a role to play in making that change happen. That’s why where you choose to bank is so important, but what are the key steps to consider to ensure your charity banks sustainably?
The first step is to find out what your finance providers are doing with your money. Organisations, such as Bank Green and My Mother Tree, undertake analysis to help you understand whether your bank invests sustainably or not.
Calculating your carbon emissions is another key journey for charities to take. In the UK, large companies must report their carbon emissions. However, smaller companies are choosing to do so, as it is essential to report this when bidding for some Government contracts. When organisations look at their ‘Scope 3’ emissions, they’re often shocked to find how much their footprint has increased because of the finance providers they work with.
Last but not least, measuring your impact also helps understand the impact of your organisation.