As part of an ongoing effort to align all of our practices with our values to improve environmental quality and advance social equity, the foundation has transitioned our checking account and credit cards to a new bank.
We recognize that the funds we manage are not separate from the environmental and social issues that we support with our grant programs and network. Since the Paris Agreement, the banking industry has financed more than $3.8 trillion globally in the fossil fuel sector. Moving to a bank with a demonstrated commitment to climate justice is another step in leveraging the power we have as an institution.