In a world increasingly focused on sustainability, Sunrise Banks in St. Paul, Minnesota, stands out as an institution committed to environmental change. Through its net zero banking initiative, launched in July 2024, the bank is empowering both individual customers and nonprofit organizations to invest in projects that reduce carbon emissions. With over $5.5 million in deposits and nearly $22 million loaned out to eco-friendly ventures, Sunrise Banks is proving that financial institutions can play a pivotal role in combating climate change.

A Community Development Financial Institution's Leap Toward Sustainability

In the heart of Minnesota, Sunrise Banks has embarked on an ambitious journey to achieve net zero emissions by 2050. This commitment aligns with the Paris Agreement, which aims to limit global temperature increases through greenhouse gas reduction. Laura Wildenborg, vice president of strategic lending at Sunrise Banks, leads the initiative. A former outdoor educator turned banker, Wildenborg brings her passion for nature into the financial sector, recognizing the immense influence banks have in driving change.

The program allows customers to allocate their deposits exclusively toward projects promoting clean energy, energy efficiency, green buildings, and sustainable transportation. Since its launch, Sunrise Banks has seen significant participation from individuals and nonprofit partners alike. One notable success story involves developers Adam Jonas and Jay Rajaratnam, who used a $1.75 million construction loan to build Firefly, a fully sustainable multi-family home in Minneapolis. Their project exemplifies how financial innovation can foster not only environmental benefits but also community value.

Beyond financing, Sunrise Banks fosters collaboration among developers through initiatives like the Sustainable Developers Collective, underscoring its dedication to more than just banking—it’s about creating lasting impact.

From its base in St. Paul, Sunrise Banks continues to expand its efforts, aiming to inspire others within the financial industry to adopt similar practices. The bank’s leadership in this area demonstrates how aligning values with actions can lead to meaningful progress.

As we reflect on these achievements, it becomes clear that Sunrise Banks is not merely offering loans; it is crafting a legacy for future generations.

Through its innovative approach, Sunrise Banks shows us that every dollar deposited carries potential power to shape a better world. Customers now realize their funds can actively contribute to reducing emissions and building resilient communities. This awareness empowers individuals to make informed choices about where they place their money, ensuring alignment with personal values and collective goals.

Ultimately, Sunrise Banks’ journey reminds us all of our responsibility to act responsibly today so tomorrow remains bright—for ourselves and those who follow.