8.6 C
New York
Monday, March 4, 2024
Home Challanger banks Starling Bank investing in eight projects that remove CO2

Starling Bank investing in eight projects that remove CO2

In a recent blog post, British challenger bank Starling announced an advancement in green projects they picked to support to fight climate change.

The projects consider forest creation and protection, solar power, peatland restoration and energy-efficient cookstoves.

Read also: Revolut acquired India’s Arvog Forex

Last year Starling committed to offsetting its annual emissions.

One of the projects is provided by Carbon Footprint Ltd. It organizes the planting of trees in parks, farms and woodlands in the UK and also contributes to the protection and conservation of the Amazon Rainforest in Brazil.

“The second Carbon Footprint Ltd project works to legally protect the Keo Seima Wildlife Sanctuary (KSWS) in Cambodia. The forest is home to more than 350 bird species and 75 threatened animal species, including Asian elephants,” the digital bank informs.

“We know that many of our customers care deeply about the environment. Our partnership with brands such as Trillion Trees and projects with Carbon Footprint enable us to make a permanent positive change to the planet which aligns perfectly with our desire to grow sustainably,” a Starling spokesperson told AltFi.

All the projects Starling decided to support are certified under the VCS, Gold Standard, Plan Vivo or Peatland Code schemes.

This means that independent organisations have verified the projects’ positive impacts.

Starling has also funded the planting of 50,000 trees through the ongoing partnership with Trillion Trees, a joint venture between BirdLife International, the Wildlife Conservation Society and the World Wide Fund for Nature (WWF).

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

NEW Revolut UK CEO to make Conference Debut at MoneyLIVE Summit

MoneyLIVE has today announced that Revolut’s newly appointed UK CEO will be making her conference debut at MoneyLIVE Summit 2024, which is...

2024’s Financial Innovators: A New Era of Banking Startups 

In the wake of the COVID-19 pandemic, our world witnessed an unprecedented shift towards digitalization. The banking industry, in particular, has been...

C-suite Banking and Payments Leaders From Across Europe Set to Meet at London’s MoneyLIVE Summit in March

On the 6-7 March 2024 MoneyLIVE Summit will return to London’s QEII Centre to unite over 1000 banking and payments leaders from...

The Evolution of Digital Wallets: A Shift from Physical Cards by 2030

By 2030, we can expect digital wallets to become the preferred payment instrument, offering a myriad of non-payment-related services for consumers.