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Tomorrow Impact Update – Q3 | 2022

Published November 20, 2022

New quarter, new impact update! In figures, graphics and with fascinating insights, we are showing you what we have achieved together for people and the planet in the last few months through sustainable banking.

At Tomorrow, you can rest assured that your money is 100% clean. Not a single cent is invested in coal, factory farming or other industries that damage the planet. And as a community, we are also having a positive impact on the climate and us as a global community:

That happens with some of the money that you have in your accounts, the interchange fee from every card payment, our account model Zero and features like Rounding Up. We ensure that all projects and companies that receive money from Tomorrow are contributing to the United Nations’ Sustainable Development Goals and the Paris Climate Agreement.

Here’s a rundown of what we achieved through sustainable banking together in the last few months:

Impact from the money in your accounts  

The money in your Tomorrow accounts is being used to finance renewable energies, climate-friendly transport, better education, affordable housing and sustainable communities. Basically, a good future worth living in for us all. That happens through the impact investments, which some of our customer deposits are channeled into. This is how they are divided up in the third quarter of 2022:

Impact from every card payment

Only with a healthy ecosystem can we preserve biodiversity. That’s why we are restoring valuable habitats where they are urgently needed: in the Global South.

Every time you use your Tomorrow card in a store, a small fee is paid to us by the retailer. We are channeling some of this fee into a renaturation project in the South African province of Eastern Cape. So the more often you pay using your Tomorrow card, the more ecosystem we can restore together. Sustainable banking at its best! Find out more about the project here. This was our collective impact from the last three months*: 

*As of 19 October 2022. Slight subsequent fluctuations are possible due to changes to the transaction totals because of unpaid or declined card payments. 

Impact from our old Zero account model

With our premium account Zero, up until mid-August the average carbon footprint of a person in Germany – around 11 tonnes a year – was offset. We also support projects in the Global South that benefit the people living there.

In Q3 that included a drinking water project in Eritrea and support for smallholder farmers in Peru

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Impact from our new Zero account model

We need an all-round approach to climate protection. That’s why we are using our newly designed Zero account model to restore ecosystems, develop innovative technologies to store CO₂ and bring about political change for more climate protection. As the Zero community, you are ensuring that more CO₂ will be prevented in the future – and are therefore contributing to a climate-friendly approach to CO₂ emissions. To do this, we are currently supporting three projects: the renaturation project in South Africa (which you will already be familiar with from your card payments), the Carbon Collectors (a regional vegetable carbon project) and the climate-political work of the Clean Air Taskforce. 

Impact from our Rounding Up feature

With our Rounding Up feature, you can round up any payment you make with your Tomorrow card to the nearest euro – meaning that your remaining cents are donated to climate justice projects. The great thing about it is that while this isn’t a lot of money for any of us individually, it does add up to a substantial total. In the third quarter of 2022, we continued our support of NIDISI gGmbH to raise money for the recycling infrastructure in Nepal. We were able to fully finance this project. And we also supported a new project: the Africa GreenTec Foundation e.V., for whom we are rounding up with our community to promote sustainable agriculture in Mauritania and Gambia. 

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Additional impact through Tomorrow Better Future Stocks

With the launch of our Tomorrow Better Future Stocks equity fund, we have significantly increased our impact even further. You can find out about our sustainable equity fund and the companies involved here


Read our Tomorrow Impact Update for Q2 | 2022 here. Read more

And our Impact Update for Q1 | 2022 here. Read more

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