Financial Times FT.com

Rewards for banks: Ethics give bottom-line a boost

By Mike Scott

Published: June 9 2006 12:39 | Last updated: June 9 2006 12:39

The number of banks embracing sustainable banking is on the rise, but what do the banks themselves get out of it?

At first sight, it would seem to be nothing but a drag on earnings. The UK’s Co-operative Bank says its ethical policies led it to turn away £10m of business last year, because of concerns over climate change, animal welfare, human rights or the production of problematic chemicals.

Banking

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