A case study series on purpose-driven financial institutions
Check out our new Building Better Banks series.
Raising the standard
We believe that banks, as financiers for all industries, must take action to reduce the carbon footprint of their investments. In order to do so, banks should measure, disclose, and set targets to reduce their contributions to greenhouse gas emissions and ecological destruction. The Partnership for Carbon Accounting Financials (PCAF) is the first public report outlining a methodology to measure these greenhouse gas contributions. Our Impact team played a key role in creating a PCAF for American and Canadian financial institutions. An exciting digital tool is forthcoming, but until it is released, we encourage banks to measure the carbon footprint of their investments using the report’s methodology.
The business case for socially responsible banking
The Global Alliance for Banking on Values (GABV), an organization representing a network of the world’s leading values-based banks, released an updated research report reinforcing the business case for the growing values-based banking movement. Read it here.
Interested in learning more about Beneficial State Bank’s model? Check out the bank’s 2018 Impact Report here.
For both Beneficial State Foundation and Beneficial State Bank, our membership in and payments to specific trade associations or other organizations does not mean that we endorse every position or issue that these organizations may support. In addition, we are passionate and dedicated to our mission and values so if we do have differing views on significant issues, we will reach out to such organizations directly or in other ways and continually evaluate the overall benefit of our continued memberships.
We enjoy supporting and learning from our colleagues in the industry, and we welcome honest, courageous conversations on how we can all contribute to positive social and environmental change. Whether you are a bank leader or director, work on an ESG or Corporate Social Responsibility team, drive your bank’s business strategy, or view yourself as a change agent at your bank, you have a role to play in our movement. We’d love to work with you.
Industry Relations and Partnerships Director
Francis leads the foundation’s industry relations strategy and develops partnerships to advance the field of social impact banking. Francis developed a strong understanding of the social and environmental impact of values-based banking while serving in the role of Vice President for Beneficial State Bank in the Seattle marketplace. He enjoys gardening, science fiction movies, musicals and hosting gourmet dinner parties.