Sustainable bank accounts by French start-up Green-Got include climate contribution for every card payment made

The financial sector has a major impact on the climate as today’s investments of funds and resources set the course for the future. Sustainable finance is, however, not only an important lever for financial firms, asset managers or investment companies who want to take climate action, it also concerns our personal banking and every individual with a bank account.

Green-Got is a new independent bank in France that takes a more sustainable approach towards banking and personal finance than traditional banks who invest their customer’s money in areas that further accelerate climate change such as fossil fuels. Founded in 2021 by Andrea Ganovelli and Maud Caillaux, Green-Got has officially launched its sustainable current and saving accounts in May. Those contribute towards reducing carbon emissions related to bank accounts in three different ways:

Firstly, for every card payment going out from a Green-Got current account, a commission varying between 0.2% and 0.3% is paid by the seller as a climate contribution towards a project for forest protection in Brazil. In addition, Green-Got invests their customers’ money from saving accounts sustainably in the main pillars of the ecological transition. Furthermore, a carbon emission calculator available in the Green-Got app allows customers to track emissions associated with their daily expenses, making them more aware of the carbon footprint associated with their spendings.

Andrea Ganovelli, Co-Founder of Green-Got, explains that sustainability is at the core of Green-Got's business idea:

“Green-Got was born out of the realization that investments should be redirected towards projects that protect the environment, instead of degrading it. We wanted to be able to use our money and savings to fund the fight against global warming and adaptation to its effects that are already here.”

For more information on sustainable finance, click here.

Green-Got has teamed up with ClimatePartner to integrate climate contributions into their current account offering - one of three steps on their mission to make personal banking more sustainable.