Forbright Bank Maintains Carbon Neutrality - Smart Energy Decisions

GHG Emissions, Commercial, Sourcing Renewables  -  June 1, 2023

Forbright Bank Maintains Carbon Neutrality

Forbright Bank announced it maintained carbon neutrality in its operational footprint for the second year in a row.

In 2022, the bank also increased its LEED® certified square footage and earned certifications as a Fossil-Free banking institution and a Green Business.

The bank revealed that through the end of 2022 almost a third of Forbright’s portfolio directly funded clean energy and sustainable-oriented projects, which includes millions in residential solar loans, green building upgrades, affordable housing, and accessible healthcare loans. ​

These projects avoided over 30,000 metric tons of estimated annual GHG emissions due to the bank financing these renewable energy and energy efficiency projects.

Forbright led a $100 million debt facility for two solar parks in Puerto Rico; joined in financing a $115 million credit facility to Cyrq Energy, a geothermal energy company; and led $80 million in financing to support Ares Management's acquisition of Atlas Crane, a crane rental company that services the wind industry.

Details were provided in its 2022 Sustainability Report. 

“At Forbright Bank, our approach to sustainability is closely aligned with our greater vision — to help build a brighter future,” said John Delaney, Founder and Executive Chairman of Forbright Bank, in a statement. “We’re proud of our sustainable progress last year, and we will continue to finance a more sustainable economy for years to come.”


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