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The Co-operative Bank*
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Ecological Sustainabilty |  Indicators |  Partnership Report 2002 |  Our Performance |  Home
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Introduction
 Ecological Mission Statement
 Environmental Management >>
 Energy
 Water
 Persistent Bio-Accumulative Chemicals
 Transport and Emissions to Air
 Reduce, Reuse, Repair, Recycle
 Paper and Printing
 Land Occupied and Biodiversity Impact
 Finance: Tailored Ecological Products and Services

Delivering Value
 Social Responsibility
Financial Statements 2002

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Ecological Sustainability : Environmental Management
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ecological sustainability
  1. Environmental management systems: quality
  2. Legislative compliance
Suppliers National

  • Ensure that the bank's environmental management systems continue to be recognised as being at the leading edge of best practice. TARGET ACHIEVED tick
results
2003 2002 2001 Company Overall Score
        0-40% 41-60% 61-70% 71-80% 81-90% 91-94% 95-100%
1 1 6 The Co-operative Bank *
1 4 16 Northern Rock *
3 9 9 Royal Bank of Scotland Group *
4 5 5 Lloyds TSB Group *
5 2 2 UBS *
6 16 10 Barclays *
7 11 7 Credit Suisse *
8 12 15 Abbey National *
9 - - HBOS *
10 22 12 Egg *


commentary
The bank's approach to ecological sustainability is heavily influenced by The Natural Step. As verified by ethics etc... (follow this link to the Auditor's Statement), all aspects of the bank's environmental management systems (EMS) are in place and active. Throughout 2002, there were no instances of legislative non-compliance in relation to environmental matters. Follow this link for an update on health and safety performance. In July 2002, the bank was 'Highly Commended' in Business in the Community's 'Business in the Environment' award category for its integrated approach to Climate Change and Biodiversity. In November 2002, the United Nations Environment Programme/SustainAbility declared the 2001 Partnership Report to be the best Sustainability Report in the world. The bank was also ranked first for Environmental Performance. In 2003, the bank's Partnership Report was declared as winner of both the UK Sustainability Reporting Awards and the European Sustainability Reporting Awards. The bank believes that the awards and commendations received during 2002 and early 2003 show that its environmental accounting, auditing and reporting systems are at the leading edge of best practice and, moreover, that real improvements in ecological sustainability are being realised. Business in the Environment's (BiE) Seventh Index of Corporate Environmental Engagement, launched in March 2003, ranked the bank joint first amongst the fourteen banks and the thirty-nine financial institutions that participated. CIS was ranked first amongst the insurance industry. BiE no longer publishes overall rankings in relation to the highest scoring participants. Rather, companies scoring 95% and over are assigned to the 'Premier League'. In 2003, this included CIS, The Co-operative Bank and twenty-four other businesses.
ethical and ecological value analysis
  • Internal annual overhead associated with maintenance and development of ethical and ecological management and performance £430,000
  • Annual costs relating to ethics and ecology external research, audit and commentary £325,000
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new target
  • Ensure that the bank's environmental management systems continue to be recognised as being at the leading edge of best practice.
    Paul Monaghan, Head of Sustainable Development
Continue to: Energy Back To Top

The above data and commentary has been audited by ethics etc...
Data, commentary and performance assured in accordance with AA1000as.