Beneficial State Bank is an FDIC-insured Community Development Financial Institution (CDFI) that provides credit to transformative businesses and nonprofits and offers fair, transparent and sustainable banking products and services to people in our communities.
Beneficial State Bank answers to a triple bottom line, mandated to produce meaningful social justice and environment benefits while also being financially sustainable. Through the Bank’s unique ownership model, profits may only be distributed to the Beneficial State Foundation, a nonprofit organization which supports our communities and the environmental commons.
- The bank’s Green Team drives sustainability efforts, with a focus on reducing energy consumption, resource use, greenhouse gas emissions, and air and water pollution.
- The bank hires an independent third-party firm to track and report their annual greenhouse gas (GHG) emissions and sources. This information is used to target emissions reduction efforts. Carbon offsets are purchased to be carbon neutral.
- The bank aims to have all of their bank locations certified for sustainable practices, and currently have certifications for Oakland, Seattle and Portland offices.
- Employee education and action campaigns engage staff around waste and energy reduction at work and home. In 2014, staff participated in the Northwest Earth Institute’s EcoChallenge, focusing on adopting new behaviors around waste, energy and water efficiency.
1101 SW Washington St. Portland, OR 97205