Challenger Banks Europe Latest News

bunq Plants 1 Million Trees in 4 Months After Publishing Report on Climate Comittments

European challenger bank bunq has planted a record amount of 1 million trees for their users over the past 4 months. bunq is offering a variety of products to let their users become CO2 free in under 2 years, including the planting of trees for every 100 euros spent, empowering users to effortlessly make the world a greener place.

The mission of the challenger however doesn’t stop here: bunq is the first neo-bank to publish a climate action report. The report states that bunq will actively focus on reducing its emissions of 8,100 tonnes of CO2, a fraction of the average financial institution’s carbon footprint.

The challenger published its commitment, targets, and measuring instruments as the first neo-bank in a dedicated report in compliance with the global PCAF (Partnership for Carbon Accounting Financials) standard. This way bunq spearheads the green revolution, using technology to solve climate change and speed up the energy transition.

Ali Niknam, founder and CEO of bunq, says: “Technology can solve the challenges of today – that’s why bunq is redefining what banking is and what it can do for our planet. We all need to start acting responsibly to fight the climate catastrophe – and we hope everyone will join us in this effort.”


  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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