Climate First Bank joins 1% for the Planet
Eco-friendly community bank Climate First Bank has partnered with global nonprofit network 1% for the Planet. As part of its membership, Florida-based Climate First Bank pledges to donate 1% of annual revenue to support sustainability-oriented nonprofit organizations that are tackling our planet’s most pressing environmental issues.
Founded by banking maverick and CEO Ken LaRoe, Climate First Bank provides residents and businesses with the financial resources to invest in cutting-edge clean energy and proactive climate adaptation. The bank is based in Florida – a state destined to be the epicenter of climate change-induced effects such as sea-level rise, ecosystem devastation and cataclysmic storms – and its ultimate mission is to drawdown atmospheric CO2 back to tenable levels by accelerating the transition to sustainable alternatives. In addition to 1% for the Planet, Climate First Bank is a pending B Corporation and is the first and only bank in Florida to be a legal Benefit Corporation.
“Joining 1% for the Planet was a no-brainer decision,” said LaRoe. “This partnership opens up an incredible opportunity to use our resources to fund projects with the same mission as Climate First Bank. The money we make on our sustainable loans will go right back to funding eco-friendly projects and furthering environmental causes all over the world. At Climate First Bank, we’re committed to supporting everyone in the fight against the climate emergency and we’re not afraid to put the money behind our values.”
“Currently, only 3% of total philanthropy goes to the environment and, only 5% of that comes from businesses. The planet needs bigger support than this, and our growing network of business members is doing its valuable part to increase giving and support on-the-ground outcomes. We’re excited to welcome Climate First Bank to our global movement,” says Kate Williams, CEO of 1% for the Planet.
By contributing 1% of their annual sales, thousands of 1% for the Planet members have raised over $300 million to support approved environmental nonprofits around the globe. Nonprofits are approved based on referrals, track record and environmental focus. Thousands of nonprofits worldwide are currently approved.
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