By Aisling Finn on Thursday 11 November 2021
Bunq’s customers have offset more than 1.6m flights from New York to Paris.
As COP26 draws to a close, Dutch digital bank Bunq has some good green news.
The digital bank’s users have planted over 5m trees as of today, with 1m being planted in Madagascar and planting in Kenya still ongoing.
With all the tree planting, Bunq’s customers have offset the equivalent of more than 1.6m flights from New York to Paris.
“Sustainability is a virtue bunq’s users value so highly. Together, we are doing everything possible to redefine what banking is and what it can do for our planet," Ali Niknam, CEO and founder of Bunq said.
So that users can see the progress they’re making, Bunq’s app shows users just how many trees they have planted, where in the world they have been planted and which ‘tribes’ (groups of users joining together to plant trees) have been the most successful.
The trees are planted in collaboration with the Eden Reforestation Project, a nonprofit NGO that works in developing countries to rebuild natural landscapes destroyed by deforestation.
Bunq is not only working on becoming the go-to environmentally friendly bank, but it’s also cementing its position as a leader within the fintech sector.
Since then the firm has been growing its executive team, led by new chief operating officer Jon Fath, who joined the bank from Transmetrics.
In March, Bunq became the first fintech to join the TARGET Instant Payment Settlement network developed by the European Central Bank, giving its users access to instant payments with banks both in its native Netherlands, but also across Europe too.