"How does it treat its employees? How does it monitor environmental impact? Does it give equal opportunities? Does it have policies addressing responsible banking?" the EIRIS spokesperson commented.
"In terms of who you bank with, there are plenty of banks out there now who operate ethically and have the same standard rates. You don't have to compromise," he went on.
Around 40 per cent of UK consumers say that they would be happy to receive lower rates of interest on their bank accounts if it meant that their bank invested its funds in an ethical and environmentally-friendly fashion, a recent report from consumer group Which? revealed.
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