Our commitment to co-operative values and ethics has been fundamental to us since we established the Bank in 1872 and still underpin how we run our business.
To outline our ethical commitments, in 1992 we took a pioneering step and introduced a customer-led Ethical Policy. We were the first bank in the UK to do so, and are still the only UK high street bank to have one of its kind.
We often ask our customers to tell us about the things that matter to them and want us to take action on, and regularly update our Ethical Policy to reflect this.
After listening to our customers, our latest Ethical Policy focuses on what we do for our planet, people, and the community, and our commitments within these spaces.
We’re committed to:
We’re committed to:
We’re committed to:
We’re committed to not providing banking services to businesses and organisations that conflict with our Ethical Policy.
For example, we’ve previously stopped an organisation from joining The Co-operative Bank on the grounds of their involvement with fossil fuel extraction, and declined services to businesses that conflict with our stance on human rights and animal welfare.
Businesses today are increasingly being held to account by their customers, investors, regulators, employees and other stakeholders. Environmental, Social and Governance (ESG) reporting makes the overall impact of an organisation's activities more measurable by taking into account the impact of its core operations, alongside the positive work they undertake.
In 2021 The Co-operative Bank was the UK's best rated high street bank for ESG*
Learn more about our Environmental, Social and Governance approach
*Rated by Sustainalytics in the Regional Banks sub-industry with a score of 9.2 as of June 11, 2021
As a business with deep and historic roots in the co-operative movement, we have enshrined co-operative values into how we operate. Those values are:
In common with organisations across the co-operative movement, we also believe in the ethical values of honesty, openness, social responsibility, and caring for others. We’re proud to be partnered with Co-operatives UK — the voice of the UK’s co-operative movement — where you can learn more about co-operative values.
Since 1872, we’ve had an unwavering commitment to co-operative values and ethics, putting our principles into action and campaigning for the causes that matter to our customers. Find out how our story began, and see our highlights through the years.
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