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, your money works for a better future. 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. We ensure that all projects and companies that receive money from Tomorrow are contributing to the United Nations’ Sustainable Development Goals. Here’s a rundown of what we achieved through sustainable banking together in the last few months:
With your accounts you have funded environmentally and socially sustainable projects
Deposits
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 sustainable investments, which some of our customer deposits are channeled into. A total of € 96.2 million is invested sustainably, representing around 30% of the total customer deposits. Of this, 10% is in sustainable bonds supporting environmental protection, nature conservation, and social issues such as education and healthcare, 56% in social bonds dedicated to social, sustainable housing, inclusion and healthcare and 34% in general-purpose bonds financing institutions and companies that operate in line with the SDGs.
The sum of sustainably invested customer deposits is lower than in previous quarters. A total of € 96.2 million is currently invested, which corresponds to about 30 percent of our customer deposits. The reason for this is that we revised the bonds portfolio together with Solaris at the beginning of the third quarter. In concrete terms, this means that existing bonds were sold, followed by the gradual purchase of new bonds, which had to pass our strict sustainability criteria. We are now continuing to invest in bonds until 40 percent of customer deposits are invested sustainably again.
Zero
We need an all-round approach to climate protection. That’s why we are using our 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, these three projects are currently supported: the renaturation project in South Africa, the Carbon Collectors (a regional vegetable carbon project) and the climate-political work of the Clean Air Task Force. In total, your contributions to Zero this quarter will enable the saving of 5,358 t emissions* in the future and the donation of € 2,613 for climate policy work.
*This calculation is based on the following scientific research and certifications provided by our partners Carbon Collectors and ClimatePartner Gmbh:
EBC-Guidelines for the Certification of Biochar Based Carbon Sinks Version 2.1 from 1st February 2021 for Carbon Collectors’ contribution
CDM A/R Large scale Consolidated Methodology AR-ACM0003 “Afforestation and reforestation of lands except wetlands” and the associated Verra/VCS requirements for calculation of anticipated carbon removals for the Eastern Cape spekboom restoration project
Slideshow- Image 1
Referrals
With each referral, 3 m2 of land is renatured in the spekboom renaturation project in the Eastern Cape for both referrer and referee. In the fourth quarter of 2024, the planting of 1,468 Spekboom plants was financed for an area of 5,873 m2 via the referrals.
Through your card payments, valuable ecosystems were renaturated and rounded up for climate justice
Interchange Fee
Only with a healthy ecosystem can we preserve biodiversity. Therefore, the climate protection contribution* in the renaturation project in South Africa rebuilds valuable ecosystems. In the fourth quarter of 2024, the planting of 95,354 spekbooms for an area of 390,084 m2 was financed via the interchange fee.**
* With Tomorrow, money flows into the spekboom renaturation project in South Africa with every card payment. This is done via the so-called "interchange fee", which merchants have to pay to the bank or banking provider that issued the used card when making transactions.
** As of 13 January 2025. Slight subsequent fluctuations are possible due to changes to the transaction totals because of unpaid or declined card payments.
- Image 1
Rounding Up
With our rounding-up feature, you can round up to the full euro every time you pay with your Tomorrow card and support projects for greater climate justice with pennies. In the third quarter of 2024, our customers supported an ambitious nature conservation project run by WWF Germany with the aim of protecting biodiversity in East Africa, restoring forest areas and ensuring a secure income. One focus of the program is therefore to connect existing protected areas and ecosystems across borders through wildlife corridors in order to preserve the richness of species in this region for the future.
In the fourth quarter, our customers also supported the Arbeiter-Samariter-Bund Deutschland e.V. cold relief project for homeless people with the rounding-up feature. The donations fund mobile teams that are out on the streets, emergency shelters that offer protection from the cold, food and drink supplies and access to clean clothes, warm blankets and medical assistance.
A total of € 140,963 was collected via the Rounding Up feature.
By investing through Tomorrow, you have invested your money 100% sustainably
Tomorrow Better Future Stocks
With Tomorrow you invest sustainably in your future. The Tomorrow Better Future Stocks is a sustainable investment fund - consisting of truly sustainable companies and in accordance with the Paris climate agreement. In total, at the end of the fourth quarter 2024 € 11,713,947 are invested in sustainable companies via the Tomorrow Better Future Stocks.
Transparency is a valuable asset for us. In 2023, we have therefore published a list of companies with which we have interacted on social and environmental issues for the first time, as well as those companies that were excluded from an investment on the basis of sustainability criteria. The topics and reasons are also listed in each case. This list can be viewed here. A corresponding list for 2024 is currently being prepared. As soon as it is published, it will be linked in the upcoming Impact Updates.
Tomorrow GmbH offers the brokerage of the above-mentioned investment product as a tied agent within the meaning of § 2 para. 10 KWG in the name and for the account of Solaris SE and is entered in the public register maintained by the German Federal Financial Supervisory Authority (BaFin). The register can be viewed here
The mentioned investment product is associated with risks.
The text does not contain investment advice or recommendations to buy or sell.
