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Understanding green banking: How it helps to protect the great outdoors

Written by Fiona

February 12 2022

The State of Green Banks 2020 report reveals that green banks worldwide have invested more than $24 billion in low-carbon technologies, according to the Green Finance Institute. While green banking might sound like a far-fetched concept, it’s a practice you should consider.

As the name suggests, green banking provides a sustainable solution for managing your finances. It ensures that your saving and spending habits go a long way in reducing your carbon footprint. 

If you are an adventurer, you know how crucial it is to lead a sustainable lifestyle and protect the outdoors. So, whether you’re saving money for your next adventure, car or home, you may want to focus on green banking to reduce carbon emissions on the planet. Read on to understand how green banking helps protect the great outdoors. 

Go paperless. Credit: Andrea Piacquadio / Pexels

Go paperless

Green or sustainable banking involves using less or zero paper, which goes a long way in saving thousands of trees from being cut down. It also contributes to energy efficiency and reduces greenhouse gas emissions associated with paper manufacturing, transportation and printing.

In addition to protecting the environment, shifting to paperless bank statements means less clutter in your home. Going paperless also ensures you get your statements as soon as they are ready via text or email, improving security and account management. 

Switching to online services

Aside from going paperless, green banks have shifted most of their banking processes online. This means you don’t have to travel to your bank to deposit or withdraw cash. You can leverage different mobile banking apps to complete transactions from anywhere.

By not making a trip to the bank, you reduce carbon emissions from your vehicle. Additionally, easy access to banking websites via your mobile phone allows you to apply for loans easily. For instance, applying for a Sunny Loans alternative by My Quick Loan online is straightforward and affordable. You can rest assured of security, instant decision, zero fees on loan applications, and easy online loan repayment. 

Green banks support clean energy

Unlike conventional banks, green banks are more focused on investing in clean energy. Many upcoming green banks make energy in all their branches efficient. As a result, the amount of energy consumed during banking processes reduces significantly.

Other great ways green banks invest in clean energy include providing green energy loan options and carbon-offsetting funds. These techniques help communities transition to sustainable energy quickly.  

The way you bank can have a significant impact on the environment. With this in mind, invest time and effort in green banking to reduce your carbon footprint on the planet. That’s because sustainable banking means going paperless, using online banking services, and supporting clean energy initiatives.

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