JPMorgan Chase was named the biggest fossil fuel financier in the world, having increased its financing from $38.9bn in 2022 to $40.8bn in 2023.
It ranked among the worst banks in terms of financing to companies involved in fossil fuel expansion. It was also one of the biggest financiers of: racked oil and gas; Amazon oil and gas; and methane gas power.
Barclays was labelled the number one fossil fuel funder in Europe, lending $24.5bn in 2023 up from $16.58bn in 2022.
It was singled out for financing what the report describes as ‘deadly’ coal power plants in the United States, despite high profile climate commitments.
That means its a B corp or GABV member, from the site
B-Corp Banks: Certified B-Corporations are businesses “that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.” B-Corp banks are one option for people interested in a bank that aims to use its money and power as a force for good.
Global Alliance for Banking on Values (GABV) Members: The GABV is a network of financial institutions that use “finance to deliver sustainable economic, social, and environmental development.” Banks and credit unions in the GABV take a triple-bottom-line approach and serve as values-based banking options. Browse all B-Corp or GABV banks. Browse all GABV credit unions.
But there’s only 14 of them so honestly it’s the same list.
Thanks. Unfortunately with B corporations, it’s self reported and a lot of the measurements are vague.