# GreenFi

**Certification:** The Climate Label Certified — Completed, 2025
**Certified since:** 2024 (most recent: 2025)
**Industry:** Software + Tech
**Website:** https://www.greenfi.com/

## Sustainability story

GreenFi is a climate-friendly banking alternative offering no mandatory fee checking accounts and high-yield savings accounts that fight climate change. GreenFi provides a debit card that allows you to round-up your change to help plant trees, earn up to 6% cashback at sustainable brands and EV charging, and neutralize gasoline emissions. Unlike traditional banks, when you bank at GreenFi your checking and savings account deposits will never go to fund fossil fuel activities. GreenFi also offers an ESG-focused mutual fund, the Redwood Mutual Fund. GreenFi's community funds over 2.5 football fields of trees each day. Join for free in less than 3 minutes!

## Emissions (2025)

**Methodology:** GreenFi's emissions inventory uses a mix of spending and activity-based data. GreenFi attests to the accuracy of their data inputs and the Change Climate team reviews the submission for compliance with the Standard.

- Scope 1: 0 tCO2e
- Scope 2 (location-based): 0 tCO2e
- Scope 2 (market-based): 0 tCO2e
- Scope 3 (location-based): 3,357 tCO2e
- Scope 3 (market-based): 3,357 tCO2e
- **Total (location-based): 3,357 tCO2e**
- **Total (market-based): 3,357 tCO2e**

**Emissions intensity:** Per dollar of revenue — dollar of revenue

### Emissions history (tCO2e, intensity as disclosed)
| Year | Scope 1 | Scope 2 | Scope 3 | Intensity |
|-|-|-|-|-|
| 2023 | n/a | n/a | n/a | 0.09 |
| 2024 | 0 | 0 | 3,357 | 0.22 |

## Reduction plans

### Science-aligned targets
- We commit to reducing 2023 Scope 1 & 2 emissions by 100% by 2030. (completion: 0%)

### Reduction action plans
- **Scope 3** — Implement a policy for remote work to reduce commuting emissions 90% for all of our office locations. (source: Employee commuting, target: Q2 2024, completion: 80%)
- **Scope 2** — Transition 100% electricty consumption to renewable energy sources through our electric utility in all current and future offices. (source: Electricity, target: Q1 2026, completion: 80%)
- **Scope 3** — Implement a policy for low-carbon business travel to require lower-carbon forms of travel and encourage remote options when at all possible for all employees. (source: Business travel, target: Q2 2024, completion: 90%)
- **Scope 3** — Develop and Implement a Remote Work Carbon Reduction Program: By Q3 2025, we will implement a program to reduce the carbon footprint of employees' home office energy use. (source: Employee commuting, target: 2025, completion: 0%)
- **Scope 3** — Implement a Sustainable Swag & Gifting Policy: By Q2 2025, we will establish a formal policy to ensure that all company-branded clothing, merchandise, and corporate gifts align with our sustainability commitments. (source: Goods & services, target: 2025, completion: 0%)

## Climate funding (2025)

**Total funding:** $50,362.14

**Carbon fee:** $15/tCO2e

**Spend by category:**
- VCA (Voluntary Carbon / Reductions): $21,859.21
- OC (Organizational Commitments): $7,553.25
- BVC (Beyond Value Chain): n/a

### Projects
- [VCA] Mutual Fund Net Zero Alignment Calculator (Energy efficiency, Efficiency & Electrification): $2,600
- [VCA] Mutual Fund Financed Emissions Calculator (Energy efficiency, Efficiency & Electrification): $4,900
- [VCA] Using Recycled Materials for Debit Cards (Energy efficiency, Efficiency & Electrification): $14,359.21
- [OC] Sustainability team cost allocation for corporate sustainability program development, management, and implementation (Capacity-building & change management (e.g. staff costs), Planning, Research & Development): $7,193.57
- [OC] The Change Climate Project BEE Software Fee (Software, Planning, Research & Development): $359.68
- [BVC] Renewable Wind Power Project By Adani (Carbon credit, Voluntary Carbon Market): $2,324.68 — type: Renewable Energy, registry: Verified Carbon Standard, vintage: 2021, location: India, provider: Aspiration
- [BVC] Maine 100-Mile Wilderness Improved Forest Management (Carbon credit, Voluntary Carbon Market): $9,300 — type: Forestry, registry: American Carbon Registry, vintage: 2021, location: USA, provider: Aspiration
- [BVC] Bluesource - Big Six Improved Forest Management Project (Carbon credit, Voluntary Carbon Market): $9,325 — type: Forestry, registry: American Carbon Registry, vintage: 2021, location: USA, provider: Aspiration

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Source: https://explore.changeclimate.org/brand/greenfi
API documentation: https://api-docs.changeclimate.org/certified-brands.html