GreenFi Sets New Standard for Climate-Conscious Finance

GreenFi sets a new standard for climate-conscious finance by earning its second consecutive Climate Label certification. The climate-friendly banking alternative continues to show that tech and finance can align with meaningful climate action. With a total of 3,357 tCO2e in greenhouse gas emissions measured for 2024, GreenFi remains transparent and accountable. The company offsets all emissions and takes steps to reduce them over time.

In 2024, GreenFi reported no Scope 1 or Scope 2 emissions, indicating that it had neither direct emissions nor emissions from purchased electricity. All 3,357 tonnes of carbon dioxide equivalent came from its supply chain and operations beyond its direct control (Scope 3). That’s roughly the same impact as 749 gas-powered cars driven for a year. Emissions intensity was just 0.22 kgCO2e per dollar of revenue, highlighting its low carbon footprint per dollar earned.

To match its emissions, GreenFi funded $50,364 in climate solutions. This amount is based on a voluntary carbon fee of $15 per tonne. The funding supported a diverse portfolio of projects, including value chain abatement ($21,859), beyond value chain removals ($20,950), and other contributions ($7,556) aimed at global system change. Each investment aligns with GreenFi’s mission to lead the way in sustainable finance.

GreenFi Sets New Standard for Climate-Conscious Finance

GreenFi isn’t stopping at offsets. The company has committed to reducing 100% of its Scope 1 and 2 emissions from the 2023 baseline by 2030. Near-term actions over the next 12 to 24 months are already underway. These plans focus on reducing GHG emissions across operations and supply chains.

As part of its everyday offerings, GreenFi helps customers make sustainable choices. Users can round up purchases to plant trees, earn cashback at eco-friendly retailers, and offset the carbon emissions from their driving. Unlike traditional banks, GreenFi refuses to fund fossil fuel activities with customer deposits.

The Climate Label, administered by The Change Climate Project, validates GreenFi’s annual climate accounting and funding. Companies must meet rigorous standards to earn it. GreenFi sets a new standard for climate-conscious finance by not just meeting these standards but exceeding expectations.

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