What are bank ethics?

Bank ethics are moral or ethical principles that some banks have decided to follow. There is no ethical Ombudsman or universal Code of ethical behavior, but banks that praise their ethical credentials are investigating the ethical position of potential investors and partners, as well as choosing companies in which they invest in their ethical policy. This means that a typical ethical bank will require potential investors to fill in an ethical policy questionnaire. If the nature of the investor's business worked on the counter or in some way threatens the ethical policy of the bank, it refuses to accept the investment. Similarly, the ethical bank will often look for investment opportunities that support environmental or social companies. They represent and social and environmental problems. For example, the bank ethics received by the Cooperative Bank (Great Britain) in 1992 means that it refuses to invest in a company trade, a contributionTo change climate, animal testing, genetic engineering and those companies that use sweat work.

The ethics and profitability of banking do not exclude each other, but sometimes the ethical bank means that they maintain their moral strictness at the cost of profitability. This was the case of a cooperative bank that in 2005 averted an investment of $ 20 million in the US (USD) because investors were involved in what they considered unethical businesses. It was a company that produced traditional Scottish Sports from Fox Pelts and a shoe production company that decorated Sable shoes.

in United Stetical Bank, such as Shorebank, Wainwright and RSF, were looking for investment opportunities for those in developed areas and communities that are perhaps banks with fewer ethical imperatives. Shorebank in this moral framework prospered and noticed that its assets would rise to 2.1 billionDy dollars (USD). RSF also lent more than $ 100 million (USD) and made profits of over $ 50 million (USD), with an annual growth rate of 60%.

Banks known to have a functioning ethical policy are found around the world and include the following: Tidos Bank (UK), Cooperative Bank (UK), Shorebank (USA), RSF Social Finance (San Francisco and New York, USA), Banca), Banca, Banca), Banca) Banca), Banca), Banca), Banca), Banca), Banca), Banca), Banca), Banca), Banca), Banca), Banca (UK). (Italy and Spain).