Bank / Credit Union

UK banks accused of failing the environment

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September 11, 2020

Only two out of the U.K.'s 36 main banks have plans to reduce their carbon footprint in a timely fashion, according to a Finextra report.

Ethical Consumer magazine investigated the climate strategy of U.K. lenders and only gave green-focused Triodos Bank and the Ecology Building Society, a 'best' rating for reporting carbon emissions and including those from loans and investments. All other U.K. banks reviewed either had no plan in place or unrealistic expectations in regards to process or timelines, according to the report.