Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending
SQBLOCK(SQ) Businesswire·2024-01-30 01:05

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a 25millioninvestmentintohelpingdecarbonizetheeconomyandpromotesustainabilitythroughcommunitylending,alongsidethecompany’sfirstCommerceandClimateSurvey.ThroughdepositsintoAmalgamatedBank,NationalCooperativeBank,andCommunityBankoftheBay’sBayAreaGreenFund,Block’s25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey. Through deposits into Amalgamated Bank, National Cooperative Bank, and Community Bank of the Bay’s Bay Area Green Fund, Block’s 25 million commitment directly connects to the company’s purpose of economic ...