Eastern Bank Joins Influential Sustainability Group to Help Advance Clean Energy Economy

Eastern Bank has partnered with Ceres in order to promote sustainable business practices in the New England area. Ceres is a nonprofit organization that advocates for sustainability leadership. They mobilize a powerful network of investors, companies, and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Founded by a small group of investors in 1989 in response to the Exxon Valdez oil spill, Ceres has been working for more than 20 years to apply sustainable strategies and practices to the decision making of companies and investors.

Eastern Bank was founded in 1818 and is based in Boston. Their Charitable Foundation is a leader in corporate philanthropy and serves as the charitable arm of Eastern Bank. They have contributed to the health and vitality of the communities they serve. In 2016, they donated $7 million to 1,600 nonprofit organizations. These organizations provide services to people in historically-marginalized communities and secure equal access to food, shelter, employment, education, and child care. Eastern Bank becomes the first regional bank to join Ceres, following commitments from Bank of America, Citigroup, JPMorgan Chase, Morgan Stanley, and Wells Fargo.

The Ceres Climate Declaration is a call to action from leading American businesses urging policymakers and business leaders to seize the economic opportunity in tackling climate change. It is more important than ever for the business voice to be heard. Becoming part of the network is an important step, but there is more companies can do to support clean energy policies that can reduce carbon emissions, transition to a clean energy economy, and protect our future from climate change. More than 1000 companies, ranging from small businesses to Fortune 500 companies have joined the cause. All of these businesses, no matter the size or industry, know that tackling climate change is not only an economic imperative, it’s the right thing to do. What makes sense for our planet, makes sense for our economy.

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