The Co-operative Bank is a UK high-street bank that offers ethical and green banking products and services to help customers consider the ethical and environmental impact of their banking choices. The Trustees wanted to select a bank whose objectives align more closely with the Trust’s Christian charitable objectives. Below are examples of Co-operative Bank offerings:
- Ethical policy The bank has an ethical policy that excludes financing fossil fuels, oppressive regimes, and unethical labour practices.
- Green mortgages The bank offers green mortgages to customers who want to purchase energy efficient homes.
- Green bond products The bank has issued green bond products to finance renewable energy and other environmental causes.
- Carbon offsetting The bank has been “beyond carbon neutral” since 2007, offsetting its carbon emissions and an additional 10%.
- Energy-saving home improvement plans The bank offers a free energy- saving home improvement plan for existing mortgage customers.
- Sustainability Hub The bank offers a Sustainability Hub to guide customers to make more sustainable choices.
- Green additional borrowing products The bank offers green additional borrowing products, such as loans for home improvements that use green technologies.
