Newsweek

BANKING ON A SUSTAINABLE FUTURE

ROM USING REUSABLE BAGS AND PAPER straws to turning up (or down) our thermostats when the temperature is at extremes, we’re all looking for ways to make more sustainable choices these days. That increasingly extends to the decisions that we make about our money, as a growing number of financial services companies have introduced green product options, from mortgages and car loans to credit card, savings and checking accounts.

“Green financial products are a natural evolution of what conscious customers want,” says Jay Lipman, co-founder and president of Ethic, an asset manager that works with investors and wealth advisors on sustainable investing.

Four in 10 U.S. consumers say they’re interested in enrolling in a green-linked financial product, according to data from McKinsey, with two-thirds of them saying they’d allot up to 40 percent or more of their savings or credit card spending to such a product. And the interest cuts across demographic lines,

You’re reading a preview, subscribe to read more.

More from Newsweek

Newsweek3 min read
Newsweek
GLOBAL EDITOR IN CHIEF _ Nancy Cooper EXECUTIVE EDITOR _ Jennifer H. Cunningham VICE PRESIDENT, DIGITAL _ Laura Davis DIRECTOR OF OPERATIONS _ Melissa Jewsbury OPINION EDITOR _ Batya Ungar-Sargon GLOBAL PUBLISHING EDITOR _ Chris Roberts SENIOR EDITOR
Newsweek1 min read
The Archives
“After the bloody steps, the heart-rending funerals, the surreal chase through the twilight of Los Angeles, O.J. Simpson surrendered himself into the darkness his life has become,” Newsweek wrote after the famous white Ford Bronco chase on a Californ
Newsweek1 min read
Banding Together
Members of Haiti’s National Palace band are escorted into the official residence by an armed guard on April 25 for the swearing-in of a nine-member transitional council. Prime Minister Ariel Henry had handed in his resignation amid spiraling violence

Related Books & Audiobooks