Tips and inspiration
- Many banks use your money to fund things that harm the planet such as fossil fuel extraction and deforestation. If you don’t want to support these activities, maybe it’s time to switch to a greener bank that invests in climate solutions rather than fuelling the crisis.
- Use Bank.green to check if your bank is helping the fossil fuel industry.
- When choosing an ethical bank, check their website to see if they’re transparent about where they invest your money and look at their ethical investment policies on fossil fuels.
- Changing current accounts is easy with current account switch.
- Explore the UK’s largest pension providers ranked by their climate commitments. If you aren’t happy with where your pension is being invested, use this green pensions guide for advice on how to engage with your workplace about switching providers.
- Check out further green finance advice and resources on investing and insurance.
The big picture
Five of the UK’s leading banks provided $556 billion to the fossil fuel industry between 2016 and 2023.
Our pensions could potentially invest £1 trillion in climate solutions, such as renewable energy, by 2035.
Sources:
Banking on Climate Chaos, Fossil Fuel Finance Report, 2024, PDF 21.8 MB
UK Pensions: Climate Action Report, Make My Money Matter, 2025, 953 KB
Why is this action beneficial?
Reduce emissions
Changing where your money goes is one of the most impactful individual actions you can take to reduce greenhouse gas emissions. By switching to a greener bank, you can help to grow climate solutions such as renewable energy.
Protect nature
Choosing a climate-friendly bank means your savings won’t contribute to cutting down forests. Instead, you could help fund environmental projects that protect trees and wildlife.
Become more informed
Understanding how banks use your money can help you to make financial choices that align with your values.
Advocate for others
Environmentally responsible banks don’t just fund climate solutions, many also support grassroots community projects and organisations that have a positive impact on people. When choosing a new bank, check to see if they invest in projects that align with your values.
Beta
We’re still developing the Find Your Climate Action tool. Watch this space for updates and share your feedback with us to help improve it.
More ways to get involved
Fixing Our Broken Planet
The Find Your Climate Action tool is part of our Fixing Our Broken Planet programme, which is designed to inspire people to take action to help the planet. The programme also includes a new gallery as well as experiences and events.
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