Girl holding a sign with a message

Seidel gave some examples of how the climate emergency is affecting young people—how they want to contribute to change but dont have the power to influence the decisions of bank CEOs.

But the investment choices of our banks can efficiently be influenced by us – adults, organisations, asset owners, religious communities—anyone who has a bank account,” said Seidel.

In 2020, the WCC published the research paper “Cooler Earth—Higher Benefits: Actions by those who care about children, climate and finance.”

In addition, the WCC ChurchesCommitments to Children programme, in partnership with UNICEF, encourages all those who care about children to check if their bank is featured in the report Banking on Climate Chaos,” published by the Rainforest Alliance. We adults must engage with the CEOs of these banks and refuse to invest our money in sectors which are known to accelerate global warming,” said Seidel. Many people in the decision-making seats are not yet aware how much their assets are contributing to global warming.”

Many young people open their first bank account without checking if the bank they chose contributes to a sustainable future, Seidel noted. "This is why we started assembling capacity-building resources for all on climate-responsible banking,” she said.

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