Sunrise Banks Sustainability - SustainabilityTracker.com

Sustainability Summary

This is an unclaimed profile. Sunrise Banks has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

What do our labels mean?

Sunrise Banks presents itself as a socially responsible bank focused on financial wellness, community development and climate-related banking. Its impact content highlights certified B Corp, CDFI and Global Alliance for Banking on Values membership, along with lending and deposit products aimed at low-to-moderate income communities, affordable housing and financial inclusion. The bank also describes net zero banking options, ESG data work, and use of PCAF methodology to assess carbon impacts. Its sustainability position combines community lending, inclusive financial products and efforts to track and reduce emissions.

About Sunrise Banks

Status
Unverified

Website
Visit Website

Employees
100 - 500

Country
United States

Sunrise Banks Sustainability Actions

Certified B Corp and CDFI

As a certified B Corp, Community Development Financial Institution (CDFI) and a member of the Global Alliance for Banking on Values, Sunrise Banks does banking differently. As a certified CDFI—and the first CDFI bank in Minnesota and South Dakota—at least 60% of Sunrise Banks loans are made in low-to-moderate income communities. In 2025, 62% of our loans were made in low-to-moderate income communities.

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Participated in NMTC since 2011

Sunrise Banks has participated in the federal NMTC program since 2011. To date, it has funded 92 projects and helped to create or retain over 7,600 jobs in low-to-moderate income communities in Minnesota. In 2025 alone, Sunrise Banks deployed its New Markets Tax Credit allocation into 8 projects, which included rehabbing or constructing nearly 200,000 square feet of real estate.

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Invested in affordable housing

In 2025, Sunrise Banks invested $334,000 in two affordable housing projects through the Minnesota State Housing Tax Credit. Leijona is a 33-unit mixed-income building that will help address the severe housing shortage in Duluth. The Heights is a Habitat for Humanity project in St. Paul with nearly 150 affordable units available for low-to-moderate income first-time homebuyers.

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Launched Net Zero Deposits

Net Zero Deposits were first launched in 2024. Customers can designate deposits from their Checking, Savings or CD accounts to net zero projects, and in 2025 customers designated an additional $3 million to Net Zero Deposits, a 40% growth in the program since 2024.

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Expanded ESG data work

Evan Wacker joined Sunrise Banks in January as an Environmental, Social and Governance (ESG) Data Analyst. He said he will expand the bank’s work with the Partnership for Carbon Accounting Financials (PCAF) methodology to properly assess the impact of its business on climate change both from business dealings and physical locations.

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Sunrise Banks Sustainability Commitments

2030

Chart path to net zero

My team and I will assess our emissions portfolio to identify opportunities, set interim targets and chart our path to net zero.

2030

Work toward carbon neutrality

Together, we’ll work toward carbon neutrality by aligning our efforts with global targets, utilizing the best available scientific literature, and implementing industry best practices.