Banking and financial

 

Jump to: About the Banking and Financial Industry; Banking and Financial Industry Campaigns

 

Companies at the top are the best, at the bottom the worst.

company
overall
ranking
environ-
ment
human
rights
labor
ethics &
governance
health &
safety
green-
washing
1

n/i

n/i

n/i

C

n/i

n/i

2

C

n/i

n/i

C

n/i

n/i

3

C

n/i

n/i

C

ni

n/i

4

C

C

n/i

D

n/i

n/i

5 (tie)

D

C

n/i

D-

n/i

n/i

5 (tie)

C

D

n/i

D-

n/i

n/i

7 (tie)

D

C

n/i

F

n/i

n/i

7 (tie)

D

C

n/i

F

n/i

n/i

Notes: Rankings proceed from top to bottom with companies at the top as more responsible within the industry and those at the bottom as the less responsible. Letter grades go in this order: A (best),B,C,D,F(worst) with plus (+) and minus (-). "n/i" means we don't have enough information to give a letter grade for that category. The color coding is another corporate responsibility indicator, in the order Green (best), Yellow, Orange, Red (worst). Companies in the green zone are sustainable and working towards creating a greener planet (most industries will not have companioes in the green zone as there are no companies that can be considered sustainable in that industry). Companies red zone have poor environmental and social responsibility records and should be avoided if possible. 'Orange' companies are not quite as bad as 'red' and ' yellow' zone are slightly better than orange. Orange and yellow companies have a ways to go before they can be considered green.

Fast facts about the banking industry:

  • Environmental and human rights violations are widespread within the banking industry due to unsustainable investments.
  • Investments in PetroChina, whose proceeds directly fund the Sudanese army and Janjaweed militia which carries out the genocide in Darfur, is perhaps the most egregious of the industry’s current investments.
  • Banks have also been criticized for profiting from apartheid in South Africa and supporting other abusive regimes.
  • Additionally, the industry finances development projects that are destructive to environment, such as the construction of coal-powered energy plants and mining in the Amazon River basin. 
  • Take Action to end the era of irresponsible lending and ensure investments in sustainable projects. Find ways to green your finances by visiting Go Green.