First to fifteenth may not sound like a good result but in the world of greener banking, it’s a massive win.
28 October, 2024
As a creative agency rooted in sustainability and purpose-led work, the values of our partners are just as important as those we uphold ourselves.
Banking is no different - the financial sector plays a crucial role in shaping the future of our planet and we believe it’s important to know exactly how our money is used.
That’s why we have switched to The Co-operative, currently ranked the second greenest UK major bank by MotherTree, which has created a league table, identifying the worst climate offenders.
Banks are ranked on how much £10,000 in a current account contributes in carbon emissions.
Our current bank, Barclay’s, is top of the league. But this isn’t a good thing, as it shows them to be the worst in the UK for investing in powerful and high-polluting industries, such as oil and gas.
MotherTree says banks like Barclays contribute the same level of carbon emissions for holding £10,000, compared to 11 return flights from London to Rome. It’s also equal to driving 10,732 miles in an ICE car.
By choosing a more ethical option like the Co-operative Bank, ranked fifteenth out of 16 in the league table, we’re ensuring our business aligns with our mission to make a positive impact.
It took us a few attempts to switch but we finally got the go-ahead and we’re pleased our perseverance has paid off.
Have you considered how your money funds carbon emissions?
We hope this encourages you to review your banking choices too. Every decision counts, and together, we can create a more sustainable future.
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