When you deposit money into a traditional bank, you probably assume it sits safely in a vault somewhere. The reality is very different — and it has serious implications for our planet.
Major UK banks routinely use customer deposits to fund loans and investments in fossil fuel companies, deforestation, and other environmentally harmful industries. Research shows that since the Paris Agreement was signed in 2015, the world's largest banks have poured trillions into fossil fuel financing.
Most people don't realise that the money sitting in their current account could be indirectly funding the very climate crisis we're all trying to solve. This is the dirty secret of mainstream banking.
At Zero, we do things differently. Your money is held with ClearBank and Griffin Bank, both of which deposit surplus capital at the Bank of England rather than lending to polluting industries. We believe banking should be transparent about where your money goes.
Switching to a sustainable financial provider like Zero is one of the most impactful things you can do for the planet. It's Your Money, Your Planet.