New quarter, new impact update! In figures, graphics and with fascinating insights, we are showing you what we have achieved together for people and the planet in the last few months through sustainable banking.
At Tomorrow, your money works for a better future. Not a single cent is invested in coal, factory farming or other industries that damage the planet. And as a community, we are also having a positive impact on the climate and us as a global community. We ensure that all projects and companies that receive money from Tomorrow are contributing to the United Nations’ Sustainable Development Goals. Here’s a rundown of what we achieved through sustainable banking together in the last few months:
With your accounts you have funded environmentally and socially sustainable projects
Deposits
The money in your Tomorrow accounts is being used to finance renewable energies, climate-friendly transport, better education, affordable housing and sustainable communities. Basically, a good future worth living in for us all. That happens through the sustainable investments, which some of our customer deposits are channeled into. A total of € 141.451 million are invested, making up 38 % of total assets under management. Of this, 35 % is in green bonds for environmental protection and nature conservation, 49 % in social bonds for social, sustainable housing, 14 % in bonds for sustainable business and 1.8 % in a blue bond for marine protection.
Zero
We need an all-round approach to climate protection. That’s why we are using our Zero account model to restore ecosystems, develop innovative technologies to store CO₂ and bring about political change for more climate protection. As the Zero community, you are ensuring that more CO₂ will be prevented in the future – and are therefore contributing to a climate-friendly approach to CO₂ emissions. To do this, these three projects are currently supported: the spekboom renaturation project in South Africa, the Carbon Collectors (a regional vegetable carbon project) and the climate-political work of the Clean Air Task Force. In total, your contributions to Zero this quarter will save 5,413 t emissions* in the future and donated € 31,891 euros for climate policy work.
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*This calculation is based on the following scientific research and certifications provided by our partners Carbon Collectors and ClimatePartner Gmbh:
EBC-Guidelines for the Certification of Biochar Based Carbon Sinks Version 2.1 from 1st February 2021 for Carbon Collectors’ contribution
CDM A/R Large scale Consolidated Methodology AR-ACM0003 “Afforestation and reforestation of lands except wetlands” and the associated Verra/VCS requirements for calculation of anticipated carbon removals for the Eastern Cape spekboom renaturation project
Through your card payments, valuable ecosystems were renaturated and rounded up for climate justice
Interchange Fee
Only with a healthy ecosystem can we preserve biodiversity. Therefore, the climate protection contribution in the renaturation project in South Africa rebuilds valuable ecosystems. In the second quarter of 2023, 166,806 spekbooms were planted on an area of 682,387 m2 via the interchange fee.
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*As of 10 July 2023. Slight subsequent fluctuations are possible due to changes to the transaction totals because of unpaid or declined card payments.
Referrals
With each referral, 3 m2 of land is renatured in the spekboom renaturation project in the Eastern Cape for both referrer and referee. In the second quarter, 7,550 m2 of land was restored by planting 1,887 Spekboom plants.
Rounding Up
In the second quarter of 2023, we continued our support of UNICEF Germany to help children and families in the earthquake regions in Syria and Turkey. We successfully completed this project with € 129,918. Since June, our customers have been able to support Visions for Children e.V., helping to improve education and learning conditions in Kabul, Afghanistan.
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© Visions for Children e.V. (Picture 1,2: Nasir Faizy; Picture 3: Rada Akbar, Picture 4: Suliman Salehi)
A total of € 181,317 was collected via the Rounding Up feature.
By investing through Tomorrow, you have invested your money 100% sustainably
Tomorrow Better Future Stocks
With Tomorrow you invest sustainably in your future. The Tomorrow Better Future Stocks is a sustainable investment fund - consisting of truly sustainable companies and in accordance with the Paris climate agreement. In total, at the end of the second quarter 2023 € 6.11 Mio are invested in consistently sustainable companies via the Tomorrow Better Future Stocks.
Tomorrow GmbH offers the brokerage of the above-mentioned investment product as a tied agent within the meaning of § 3 para 2 WpIG in the name and for the account of lemon.markets brokerage GmbH and is entered in the public register maintained by the German Federal Financial Supervisory Authority (BaFin). The register can be viewed at https://portal.mvp.bafin.de/database/VGVInfo/vermittlerSucheForm.do.
The mentioned investment product is associated with risks.
The text does not contain investment advice or recommendations to buy or sell.
