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How the big five banks are learning to reap rewards from going greener

UK banks are making a concerted effort to prove they have as many ethical and environmentally friendly credentials as the companies in the next sector. In fact, they are doing better than several other sectors, according to the 2007 banking industry report by Covalence, a Geneva-based company that tracks the ethical reputation of multinationals. And strong competition may have led to Britain's strong performance in the Covalence survey in comparison with its European counterparts. Among the 25 banks analysed by Covalence, HSBC came top, and Barclays and Royal Bank of Scotland came fourth and ninth respectively. Lloyds TSB were also rated in the top 25. Read more here. (Source: The Guardian)

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16 August 2007