The Co-operative Bank receives the best ESG rating of any high street bank
The Co-operative Bank has been rated as the UK’s best Environmental, Social and Governance high street bank by Sustainalytics, a leading ESG and corporate governance research, ratings and analytics firm.
With its roots in the co-operative movement, The Co-operative Bank has more than three decades of evidence of how it has prioritised and focused on environmental and social issues that its customers have said matter to them most.
Initiatives have included: being beyond carbon neutral, sending zero waste to landfill, campaigning to right social injustices in partnership with Amnesty International and raising awareness of issues such as the prevalence of Economic Abuse in the UK with Refuge all contribute to The Co-operative Bank’s ESG score when compared with other UK high street banks.
The bank’s customer-led ethical policy has led it to introducing polices to combat climate change, deforestation, unnatural chemicals and indiscriminate weapons, the extraction and production of fossil fuels, oppressive regimes and animal testing on cosmetics.
Commenting on being awarded the best ESG rated UK high street bank, Nick Slape, chief executive of The Co-operative Bank said:
“We have always been extremely focused on making the right environmental and social impacts and we are immensely proud that we have been recognised by Sustainalytics as the best ESG rated UK high street bank.
We have a long history of leading on important issues through our heritage in the co-operative movement. Our commitment to co-operative values and principles have naturally evolved into a standout ESG rating today, and our customer-led ethical policy has ensured we have remained at the forefront of issues that matter to UK consumers. We will continue setting progressive and challenging ESG targets for ourselves so that in future we not only maintain the rating, but further improve it.”
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