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 € 139.451 million are invested sustainably, making up 39% of total assets under management. Of this, 14% percent is in green bonds for environmental protection and nature conservation, 19% percent in social bonds for social, sustainable housing, 6% percent in bonds for sustainable business and 1% percent 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 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 enable the saving of 9,395 t emissions* in the future and donated € 3,143 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 restoration 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 fourth quarter of 2023, the planting of 90,904 spekbooms for an area of 371,880 m2 was financed via the interchange fee.*
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*As of 15 January 2024. Slight subsequent fluctuations are possible due to changes to the transaction totals because of unpaid or declined card payments.
** With Tomorrow, money flows into the spekboom renaturation project in South Africa with every card payment. This is done via the so-called "interchange fee", which merchants have to pay to the bank or banking provider that issued the used card when making transactions. Till the third quarter 2023 0.1 percent of this amount went to the Spekboom project for each card payment, but now it is 0.05 percent. This is an adjustment we are making for financial resilience as a company. The same applies as before: every card payment has an impact.
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 fourth quarter, the planting of 1,849 Spekboom plants was financed for an area of 7,397 m2 via the referrals.
Rounding Up
In the fourth quarter of 2023, our customers have been able to support the organization NIDISI and therefore the financing of sustainable menstrual products, jobs for women and an education campaign on the topic in Nepal.
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© NIDISI
A total of € 129,647 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 fourth quarter 2023 € 7.251.494 Mio are invested in consistently sustainable companies via the Tomorrow Better Future Stocks.
Transparency is a valuable asset for us. For 2023, we have therefore published a list of companies with which we have interacted on social and environmental issues for the first time, as well as those companies that were excluded from an investment on the basis of sustainability criteria. The topics and reasons are also listed in each case. This list can be viewed here.
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.
