Inside Climate First Bank’s first annual impact report
August 2, 2022 - St. Petersburg-based Climate First Bank, a full-service commercial bank focused on environmental sustainability, unveiled its first annual impact report. The report highlights the bank’s Environmental, Social and Governance (ESG) initiatives and their measured impact on the climate, community and economy. The report, which tracks efforts from June to December 2021, concluded that the bank financed 2,578.48 kilowatts of renewable energy; the charitable arm of Climate First Bank gave $19,735 to nonprofit organizations, of which $8,035 went to environmental causes; and the bank has funded roughly $12 million in loans in 2021 aimed toward businesses focused on mission-aligned sectors. None of Climate First Bank’s loans went towards financing fossil fuels or other environmentally harmful industries. The full report detailing other findings can be found here.