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New Resource Bank wins U.S. EPA honor for outstanding achievement; Joins Global Alliance for Banking on Values
April 21, 2009
San Francisco — New Resource Bank, the innovative bank focusing on building green and sustainable resources, was recognized for its impact by winning a key award from the U.S. Environmental Protection Agency and by being invited to join the world’s leading sustainable and socially responsible banks in forming the Global Alliance for Banking on Values.
Out of hundreds of nominations, New Resource Bank won recognition from the EPA’s Pacific Southwest region for outstanding environmental achievement.
“It is a great pleasure and honor that we can recognize the innovative and important environmental work achieved by this year’s impressive group of organizations and individuals, and the example they set for all of us to follow,” said Laura Yoshii, the U.S. EPA’s acting administrator for the Pacific Southwest region. “This year’s winners and nominees have made superb efforts to protect and preserve our air, water and land, and increased awareness of the environmental challenges we all face.”
Since opening in 2006, New Resource Bank has pioneered new programs such as its solar lending partnership with SunPower a leading solar manufacturer and its green building lending incentive program, both of which have seen follow-on efforts by other banks and financial providers. The Bank recently launched a new product, the Solar CD, which allows clients to deposit funds to specifically fund solar power or as the bank says, “get your interest 100% pure from the sun.”
“We are proud and humbled by this award, which recognizes the difference that our teammates and clients are making everyday,” said New Resource Bank’s Founder and Vice Chairman, Peter Liu. “New Resource team members strive to deliver a new standard in customer service everyday while serving clients who are looking to turn their banking and business into new resources for a more sustainable economy.”
This is the type of goal shared by eleven of the world’s leading sustainable and social banks when they recently created a new alliance to build a positive banking alternative. The Global Alliance for Banking on Values includes eleven banks which have assets of over $10 billion and serve customers in 20 countries. Banks in the Alliance include Triodos Bank, Europe’s leading sustainable bank, Shorebank Corp., a leading independent community development bank in the U.S. andBRAC Bank, one of the world’s largest microfinance banks. Compared to these decades old institutions, New Resource Bank is a relative newcomer at 2.5 years old.
On the Alliance, Liu commented, “As an invited founding member of the Alliance, it was a privilege to learn from and share ideas with other founders and executives on how to further bank on values. We will draw inspirations to seek our innovation in banking to promote a green economy.”
Speaking at the launch in the Netherlands in March, 2009, Peter Blom, CEO of Triodos Bank said of the Alliance’s banks, “When it was unfashionable to do so, they stuck to simple, core banking services that balance people, planet and profit. There’s no one single answer to the global financial crisis. There are many. But the leaders of these organizations, acting on an international stage, hold many of them. Together they are an extraordinary force for change.”
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