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Styliani Panetsidou, Assistant Professor of Finance, Coventry University

How banks affect the environment and the role your money plays in it

Inside Creative House/Shutterstock

When you think about your environmental footprint, what comes to mind first? Maybe the flights you take, the car you drive or whether you choose the train instead. Perhaps it is the plastic you try to avoid, the clothes you buy or the food on your plate. But what about your money – how often do you think about where it is kept and what it supports?

Banks are a part of our everyday lives. We use them to receive salaries, make transactions, pay bills or take out loans and mortgages. Yet behind every transaction lies a financial system that quietly shapes not only our economy but also – less visibly – our planet. The way banks operate can influence which industries thrive, which decline and how businesses affect the environment.

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