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  • FIRST POST
    • AmerzD
    • By AmerzD 4th Jan 18, 11:39 PM
    • 4Posts
    • 4Thanks
    AmerzD
    Looking for advice on green/ethical banking
    • #1
    • 4th Jan 18, 11:39 PM
    Looking for advice on green/ethical banking 4th Jan 18 at 11:39 PM
    I am interested in moving my money to a green or ethical bank and would like to hear any recommendations or suggestions as I can't find much on the main website. My primary motive is to use a bank/or an account which won't be using my money to invest in oil or gas although I do have other ethical considerations too.

    Are there many options out there? Are they worth switching to? Is the variety of options larger in other countries?

    Thank you
Page 1
    • gefnew
    • By gefnew 5th Jan 18, 12:04 AM
    • 75 Posts
    • 84 Thanks
    gefnew
    • #2
    • 5th Jan 18, 12:04 AM
    • #2
    • 5th Jan 18, 12:04 AM
    look at the co-op
    • robin58
    • By robin58 5th Jan 18, 1:22 AM
    • 2,065 Posts
    • 2,183 Thanks
    robin58
    • #3
    • 5th Jan 18, 1:22 AM
    • #3
    • 5th Jan 18, 1:22 AM
    You did not look hard enough.

    In the bank accounts section from the main website was a link which will give most of the information you want.

    http://www.ethicalconsumer.org/buyersguides/money/bankingcurrentaccounts.aspx

    but as said in the message above this one, Coop is the most main stream bank to give you what you want.
    Last edited by robin58; 05-01-2018 at 1:27 AM.
    The more I live, the more I learn.
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    The more I see, the more I know.
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    How little I know.!!
    • NigeWick
    • By NigeWick 5th Jan 18, 9:58 AM
    • 2,778 Posts
    • 1,086 Thanks
    NigeWick
    • #4
    • 5th Jan 18, 9:58 AM
    • #4
    • 5th Jan 18, 9:58 AM
    I am interested in moving my money to a green or ethical bank
    Originally posted by AmerzD
    Triodos is one option but I don't know anything about them.
    The mind of the bigot is like the pupil of the eye; the more light you pour upon it, the more it will contract.
    Oliver Wendell Holmes
    • Ben84
    • By Ben84 6th Jan 18, 7:46 PM
    • 2,926 Posts
    • 3,586 Thanks
    Ben84
    • #5
    • 6th Jan 18, 7:46 PM
    • #5
    • 6th Jan 18, 7:46 PM
    This is an interesting one. I did consider swapping banks a while back for similar reasons. Not having my money invested in polluting industries sounds immediately appealing, but then I thought about it more and realised, I use oil, gas, coal, and minerals from the earth every day. Despite their environmental problems, we all use them every day and our personal well-being and that of our society depends on them. Should I be trying to avoid their funding when I'm buying, using and benefiting from them? Seemed contradictory, and a lot more complex than it initially seemed when I thought about it that way. If I choose to use these things then I have to accept I want them, despite their downsides. The consumer goods we want lead back to fossil fuels and mining, we can't make the raw material supply vanish and still have the goods. So what is the point trying to reduce the production of things you want?

    So I'm not actually against my bank investing in these industries. I mean, at least for now, we need them! The reactionary approach some banks presented of complete abstinence doesn't solve the issue - we need alternatives. Unless green banks are investing in things like solar panel manufacturing, or insulation companies, etc. they're not offering an alternative so much as an ideal. I would be more convinced by a policy of investing in industries that offer alternatives than the just not taking part in major industries approach. I also am not completely against them investing in making the materials and energy I use. So, next time I'm considering changing bank, I'll be looking at their investment policy, but I won't take it as simply as all fossil fuels are wrong. I will be looking for their interest in alternatives however.
    Last edited by Ben84; 06-01-2018 at 7:52 PM.
    • AmerzD
    • By AmerzD 7th Jan 18, 9:48 PM
    • 4 Posts
    • 4 Thanks
    AmerzD
    • #6
    • 7th Jan 18, 9:48 PM
    • #6
    • 7th Jan 18, 9:48 PM
    This is an interesting one. I did consider swapping banks a while back for similar reasons. Not having my money invested in polluting industries sounds immediately appealing, but then I thought about it more and realised, I use oil, gas, coal, and minerals from the earth every day. Despite their environmental problems, we all use them every day and our personal well-being and that of our society depends on them. Should I be trying to avoid their funding when I'm buying, using and benefiting from them? Seemed contradictory, and a lot more complex than it initially seemed when I thought about it that way. If I choose to use these things then I have to accept I want them, despite their downsides. The consumer goods we want lead back to fossil fuels and mining, we can't make the raw material supply vanish and still have the goods. So what is the point trying to reduce the production of things you want?

    So I'm not actually against my bank investing in these industries. I mean, at least for now, we need them! The reactionary approach some banks presented of complete abstinence doesn't solve the issue - we need alternatives. Unless green banks are investing in things like solar panel manufacturing, or insulation companies, etc. they're not offering an alternative so much as an ideal. I would be more convinced by a policy of investing in industries that offer alternatives than the just not taking part in major industries approach. I also am not completely against them investing in making the materials and energy I use. So, next time I'm considering changing bank, I'll be looking at their investment policy, but I won't take it as simply as all fossil fuels are wrong. I will be looking for their interest in alternatives however.
    Originally posted by Ben84
    Thank you Ben, I understand your point that we are all using oil, gas etc however I would much rather my money is invested in companies searching for serious alternatives rather then funding further gas and oil exploration. I'll keep searching for the right fit.
    • Ben84
    • By Ben84 8th Jan 18, 3:23 PM
    • 2,926 Posts
    • 3,586 Thanks
    Ben84
    • #7
    • 8th Jan 18, 3:23 PM
    • #7
    • 8th Jan 18, 3:23 PM
    Thank you Ben, I understand your point that we are all using oil, gas etc however I would much rather my money is invested in companies searching for serious alternatives rather then funding further gas and oil exploration. I'll keep searching for the right fit.
    Originally posted by AmerzD
    Hi AmerzD, I think that's very similar how I'm thinking about it actually - about how we need to fund alternatives. People (me included) aren't going to give up fossil fuels without the options to use less and/or make cleaner energy. A lot has happened in this area, but until it's more developed, we don't have a great deal of options. I'd like my money to be invested more in growing the options, not just avoiding the necessary but bad fossil fuels. There's no choice without options, that's why I see banks just offering avoidance of the issue without funding alternatives as limited in benefit.
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