|Date joined:||10 February, 2020|
|Initiatives:||Principles for Responsible Banking|
The Co-operative Bank Plc provides a full range of banking products and services to about 3.5million retail and c.85k small and medium sized enterprises (“SME”). The Bank is committed to values and ethics in line with the principles of the co-operative movement.
Protecting the environment and promoting sustainable development are cornerstones of Co-operative Bank’s ethical policy, and therefore they refuse to provide banking services to businesses whose core activities contribute to global climate change via the production of fossil fuels. The Co-operative Bank also supports international efforts to tackle climate change and organizations that make a positive impact on the environment.
The Bank reports its progress against its customer-led Ethical policy on an annual basis. By becoming a signatory of the Principles of Responsible Banking, The Co-operative Bank is able to report against a consistent framework for both social and environmental impact reporting. The Co-operative Bank is committed to the Principles and believes the framework will provide a more consistent approach to the Bank’s reporting.