For most people the concept of an ethical bank is one that is beyond their imagination. A bank exists to look after your money and make more money for them with your money. Right? Ethics has nothing to do with banking – other than the way in which a bank operates with its customers and everyone else who may be involved with it.
An alternative viewpoint is provided by Britain’s Co-operative Bank. The Guardian reports that it declined about $15 million worth of business for a variety of ethical reasons, including to a company that makes “sporrans from fox pelts and a shoe firm that trims high-heeled boots with sable.” Additional moral issues include poor labor practices and global warming.