Introduction
At bunq, we believe it's important to do good and be green, and that's why we've always been committed to tackling climate change. We've addressed issues like deforestation in the past, but we believe it's time to take things further. We're committing to maximizing our impact and setting an example for other fintechs and traditional banks. Join us in our green journey as we work towards a greener future, in line with the Paris Agreement!
Our Target: The Paris Agreement
The Paris Agreement, which aims to limit the global average temperature increase to 1.5°C above pre-industrial levels, is a key goal for us at bunq. As a bank, we understand that this means making financial investments that have low greenhouse gas emissions and reducing our own greenhouse gas emissions by half by 2030. We're currently at 8,100 tonnes of CO2, which is a fraction of the average financial institution's carbon footprint.
How we're Getting it Done
At bunq, we're committed to being a truly climate-neutral bank. Here's how we're going to do it:
By offering you a climate-neutral service
By financing projects that have a direct positive impact on the reduction of CO₂
By constantly measuring and publishing our climate footprint
You can find all the details of our plan of action in our sustainability section.
How it Benefits You
As a bunq user, you're already well on your way to a greener future. By using our digital bank, you're saving paper and reducing the need for trips to visit us in person. Additionally, you have the freedom to choose to invest your money in a sustainable way and we never invest in shady industries by default. With our bunq Elite plan, you can earn more trees and extra Cashback by inviting up to 2 friends to your Green Team. They’ll plant a tree for every €200 they spend and will earn up to 1% Cashback on eligible payments. You’ll plant a tree when they plant a tree and you’ll earn Cashback when they earn Cashback.
Planting Trees in Kenya
All bunq users automatically plant trees when paying with their bunq card, referring friends, or spinning the Wheel of Fortune in the bunq app. To make this possible, we've partnered with veritree for their transparency and dedication to real change. With active projects in Mteza Creek and Tana Salt (both in Southern Kenya), our users are stabilizing coastlines, nurturing marine life, and supporting local livelihoods. Our reforestation activities focus on mangrove trees, each capturing 12.3 CO2 every year, filtering pollutants out of water and providing nurseries for marine life.
Conclusion
At bunq, we're committed to doing better and being greener, and we believe that we can have an even bigger impact together. Join us in our efforts to become CO2-free and contribute to a better and greener world for future generations. Start planting trees today and be a part of the bunq community's efforts to achieve a greener future.
* Based on the average yearly carbon footprint of a European citizen and the average number of trees planted each year by an bunq Elite user. Learn more here.
