Why bunq is commited to a green future

Join bunq on our green journey as we work towards a greener future. Learn about our eco-friendly initiatives & how we're reducing our ecological footprint.

January 27, 2023

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 Easy Green 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 Madagascar

We've partnered with Eden Reforestation Projects to make our tree-planting efforts possible. They're a non-profit organization that provides fair wage employment to impoverished villagers as agents of global forest restoration. Since they started in 2005, they have planted over 380 million trees across different project sites! These trees are planted in Madagascar, in an equatorial climate that's most efficient for taking up CO2 all year round. Each tree captures 308kg CO2 over its 25-year average lifespan.

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. With bunq, it's easy to plant trees and offset your CO2* print, and it's all done at no extra cost for everyone under 18. 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 Easy Green user. Learn more here.

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Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

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Get a free international credit card in less than 5 minutes. Add it to Apple/Google Pay and start making payments today.

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Free

Get a free Savings Account and start growing your money faster with 1,56% interest. No minimum deposit is required!

Easy Bank

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Everything you expect from a mobile bank, and more. Open a bank account in just 5 minutes with your phone and ID.

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Enjoy full control over your money wherever you go, with true borderless banking, easy budgeting, powerful cards, and much more.

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