Most Banks Fund Arms Industry - Move To An Ethical Bank!

Click "more" for links!!!

Money as debt:
http://video.google.com/videoplay?docid=-9050474362583451279

Co-op bank for current accounts (and savings):
http://www.co-operativebank.co.uk/, they have a customer-led ethical policy

Triodos bank (for savinds only):
http://www.triodos.com, they only make loans to companies that operate ethically and actively seek out fair trade/sustainable companies to invest in. They also publish a list of every loan they make.

The Ecology Buildign Society: http://www.ecologybuildingsociety.co.uk/

USA:
Common Good Bank:
http://www.commongoodbank.com/
RSF Social Finance:
http://www.rsfsocialfinance.org/

See wikipedia on ethical banking for more links:
en.wikipedia.org/wiki/Ethical_banking

Category:

Nonprofits & Activism

Tags:

• banking
• ethics
• ethical
• bank
• federal
• reserve
• economy

[BOZ11]

co-op don't don't fund the manufacture of "indiscriminate" weapons like napalm or cluster bombs. however, small(er) weapons totally dominate the arms trade anyway, e.g. rifles, grenades, mortars, rpg's. they don't fund organisations that are cruel to great apes, which is great, but what about other endangered species? it's a tiny/incremental step (ethically) they've taken beyond their high-street rivals.

[RevolutionaryJam]

@BOZ11 I believe (from speaking to a friend who has worked there for years) they have a massive list of caviats for anyone who wants to take out a loan with them, not limited to avoiding the arms trade but also dealing with military regemes and lots of other things that are worthy of attention

bottom line is if we don't create a market for ethical banking there will be one, by showing you care you create a market for other banks to come in and say "we can do better than coop! move to us!"

[BOZ11]

@RevolutionaryJam that's a fair point, though the other banks are both amoral and larger, so i'm unsure as to how much financial incentive there really is to being ethical in a capitalist climate

[RevolutionaryJam]

@BOZ11 new banks could always be created to take advantage of a market

[AirLockBelsen]

CO-OP are fair trade, Fair for who ??!!

[RevolutionaryJam]

@AirLockBelsen I believe (from speaking to a friend who has worked there for years) they have a massive list of caviats for anyone who wants to take out a loan with them, not limited to avoiding the arms trade but also dealing with military regemes and lots of other things that are worthy of attention