Sustainable business, a greener way
As a digital banking alternative, our direct greenhouse gas emissions are extremely low compared to more traditional banks. One of the steps taken to reduce our impact has been to locate our support office outside big cities, in a smaller Spanish town, where staff easily can walk to work or use public transport. The rest of our team work from home office, further reducing our impact.
Our approach to sustainability
Reflecting our Scandinavian heritage, we believe stewardship of our environment and planet for the next generation is an important responsibility. As a property focused business, we can probably do more than most by helping our customers make small changes that collectively add up to making a significant impact. It all starts by banking with a 100% online business where there is no need to drive to a branch or print out papers to sign. We also work with partners that have a sustainable approach, like our web hosting provider who uses renewable energy.
100 000 trees to be planted
We also made a commitment to plant one tree per new customer, in partnership with One Tree Planted. With over 18,4 million hectares, the Spanish forest is the fourth largest forest area in Europe. Due to climate change the Spanish forest is affected by many factors including tree diseases, fires, and storms. Reforestation is critical to ensure we keep combating the damaging effects of climate change. Bueno aims to plant hundreds of thousands of trees over the next 5 years.
EU per-household emissions/footprint is on average 10 tons of CO2-equivalent (2020 data). For second homes the numbers will be lower but there is still room for improvement. Solar panels have become very popular for primary homes in Spain, mainly to cut high energy bills. For second homes this might be an investment that some are reluctant to take on, but a simple step to switch to a renewal electricity provider will make a similar impact for the environment.
Electricity from renewable energy sources produces between 90-99% less greenhouse gases (GHGs) compared with coal-fired plants and causes 70-90% less pollution. In the Spanish market, it is possible to use greener alternatives for electricity. Some companies offer solely renewable energy while others have special green plans that people can choose.