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Is LLoyds TSB an ethical bank? Other than the Cooperative does anyone have any suggestions as to who they feel is an ethical bank? and who is definitely not?
Should i be avoiding certain companies in general? Why? I feel if im trying to be more green in my home than i should continue this through my life, how can i be proud of cleaning my home in an environmentally sound way if my bank is bankrolling some crazed genocidal lunatic? (not that they are, i dont think!?) or im eating food a 4 yr old child has been picking for 18 hours of the day, where the hell do i begin to get this info? Any website suggestions?
i love the co-op for food, and i use smile, their internet bank. it is great, i changed from lloyds and it was easy. the co-op also do accounts for children and insurance (car, house, travel). they have a good ethical policy.
The Ethical Consumer co-operative picked up on your post via Google alerts. We recommend the Co-operative Bank and Smile internet bank as best buys for current accounts, because they have a credible ethical policies stating where your money will be lent. For ISAs and saving products we also recommend Triodos.
You can check out most of our reports free on our new website: see www.ethicalconsumer.org/FreeBuyersGuides/money.aspx
We're often asked why the numerical 'ethiscore' for the Co-op isn't very high, so here's some explanation: We rate companies as part of the larger corporate groups to which they belong. This sometimes causes controversy - but the raison d’etre is to encourage group-wide responses to ethical issues rather than treating ethical consumerism as a niche marketing opportunity.
With the Co-operative Group specifically The Co-operative Bank receives part of its negative scoring because of the activities of the Co-operative supermarket. Supermarkets as a sector pick up a lot of negative scores because they cover so many categories (such as animal rights issues) rather than this implying a particular problem with the Co-op supermarkets.
Another recommendation for smile - fantastic customer service by people who appear to genuinely care, and who are given licence to use their own initiative.
