St Mary's Weekly Eco Tip: Bank Ethically and Sustainably

Ask your employer where your pension money is invested.

Ethical banks typically set out the principles that they operate under. They tend to be transparent about who they lend money to and where they invest so that customers, investors, the workforce and anyone else can see that they’re following their principles.

Generally speaking, ‘ethical’ refers to human rights causes, whereas sustainable refers to environmental ones.

However, an ethical bank is typically concerned with both social and environmental impacts. You might also see some ethical banks referred to as green banks, eco-banks or sustainable banks.

The most destructive projects don't get off the ground without finance from banks or investors. Shun planet-wrecking practices by switching to an ethical bank. There is a growing movement (divestment or disinvestment) to stop investing pensions or savings in coal, oil and gas.

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