Is your bank really sustainable and fair - or is it just telling you that? The Fair Finance Guide examines this every year and uses the information collected to create a ranking. The assessment is based on international sustainability standards. You can find out how Tomorrow fared here.
What is the Fair Finance Guide Germany?
The Fair Finance Guide Germany is part of the Fair Finance International initiative. The association of more than 100 NGOs and consumer organizations from 17 countries is committed to greater transparency and sustainability in the financial sector. Since 2016, the Fair Finance Guide has reviewed German banks and savings banks every year for environmental protection, human rights and anti-corruption criteria, thereby making an important contribution to transparency in the financial sector.
In 2024, 20 banks were assessed on the basis of 254 criteria from 15 topics and sectors according to the extent to which their practices are in line with human and environmental rights. The topics examined were climate protection, corruption, gender equality, human and labor rights, nature & environment, taxes & transparency as well as the defense, food, forestry, mining, oil & gas and energy production sectors.
With 96% of criteria met, Tomorrow ranks 2nd place
We are very proud to be ranked 2nd place this year! Overall, we fulfilled 96% of the criteria checked. This means that we were able to improve further compared to last year, in which we started with a strong 3rd place. In first place is GLS Bank and in third place is Ethik Bank.
*Does not have its own banking license, uses the banking license of Solaris SE
**Does not grant loans to companies. Only guidelines for investments in securities were analyzed, not other banking areas.
I am delighted that Tomorrow has risen to second place among the most sustainable banking providers in Germany in the Fair Finance Guide with a score of 96%. We are proud to join other pioneers in showing how strong sustainable financial offerings are.
In the area of “Transparency and accountability”, we improved particularly strongly last year, raising our score from 48% to 83%. This is primarily due to the following measures:
We have published an “Exclusion and Interaction List”, which provides even more clarity about which companies we exclude based on our strict investment criteria and with which we enter into dialog.
We have also revised our complaints mechanism to address a broader target group and make it accessible to external parties.
We have broken down the portfolio of the Tomorrow Better Future Stocks (TBFS) fund by industry, region and size in order to further increase our transparency with regard to our investments.
Another important step was also the presentation of our cooperation with civil society, including our participation in the climate strike and support for the WWF open letter calling on the German government to adopt an effective financial strategy for climate protection. We also outlined our memberships of the B Corp Network, Leaders for Climate Action (LFCA) and the German Sustainable Business Association (BNW), which underline our responsibility and commitment to a sustainable future.
We pride ourselves on being transparent about our activities and progress.
You can find out more about our strict investment criteria and decision-making processes, including the independent Impact Council, here.
Further information on the valuation of Tomorrow and all other banks can be found on the Fair Finance Germany website.