Finance

Global Returns Project Mixes Investment With Green Philanthropy

The new endeavor founded by two former executives is seeking bank partnerships to make sustainable giving easy.

Photographer: Bloomberg

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You may not know it, but the savings sitting in your bank account are likely contributing to the climate crisis, since major financial institutions regularly extend financing to fossil-fuel companies and other polluting industries. But two former executives say they have found an easy way for you to redirect a small amount of assets to protect the planet instead.

Yan Swiderski and Jasper Judd, founders of The Global Returns Project, are asking individuals to commit 0.25% of their savings and investments every year to organizations that are combating global warming—with the goal of raising a regular annual total of $10 billion within the next decade.