Align your money with your values.
Centralized banks are the main funders of environmentally harmful industries such as nuclear, coal, and clear cutting logging companies. They are also responsible for the most recent economic collapse that caused people around the world to lose their homes, their jobs, and their retirements. They use customer’s deposits to make these destructive loans. Are these the projects you want to keep supporting with your deposits? If not, then pull your money out of centralized banks and find a community bank or credit union that invests in good local community projects.
Assets in oil, gas and coal extraction, in £ million
Total across the Big 5 : £66,156.50 million
If you bank at one of the following banks - aka the "Tapeworm 20" - we recommend pulling your money out immediately and finding a better alternative.
1. Bank of America, US
2. JP Morgan Chase & Co., US
3. HSBC Holdings, UK
4. Citigroup, US
5. Mitsubishi UFJ Financial Group, Japan
6. Industrial and Commercial Bank
7. Wells Fargo & Co., US
8. China Construction Bank Corporation, China
9. Bank of China, China
10. Royal Bank of Scotland, UK
11. BNP Paribas, France
12. Barclays, UK
13. Banco Santander, Spain
14. Agricultural Bank of China, China
15. Credit Agricole, France
16. Sumitomo Mitsui Financial Group, Japan
17. Mizuho Financial Group, Japan
18. Lloyds Banking Group, UK
19. Goldman Sachs, US
20. UniCredit, Italy
SUPPORT LOCAL BANKS AND BUILDING SOCIETIES WITH AN ETHICAL POLICY LIKE COOPERATIVE BANK (WHICH ALSO SUPPORTS THE POST OFFICE) TRIODOS AND THE CHARITY BANK.
Since the Ethical Policy was introduced in 1992, The Co-operative Bank has withheld over £1billion of funding from business activities that its customers say are unethical.
Unethical is such as dealing in weapons and the arms trade, nuclear and coal, animal testing, GMO, human rights issues and the list goes on. Each bank has its own policy. Large banks lend to anyone for whatever which means you are funding destructive practices without knowing.
Move your money and support that which you believe in - a fair and just world for all.