Global Witness’ new report Undue Diligence names some of the major banks who have done business with corrupt regimes. By accepting these customers, banks are assisting those who are using state assets to enrich themselves or brutalise their own people. This corruption denies the world’s poorest people the chance to lift themselves out of poverty [...]

A fresh writedown for UBS. An ethical writedown, that is. The below chart compiled by Covalance – an ethical research outfit. As you’ll notice, UBS – generally a poorly behaved child – has been very naughty since mid-April. (…) HSBC, meanwhile, is good as gold. Last year major positive issues regarding the Banking industry have [...]

Interactions of banks with governments are increasingly criticized in terms of ethics; meanwhile, environmental initiatives and philanthropic donations are the industry’s main positive news cows, states a report published today by Geneva-based ethical reputation research firm Covalence – Covalence Banking Industry Report 2008. (…) The historical EthicalQuote ranking calculated since 2002 sees Banks dropping from [...]

In 2006 and 2007, UNI Finance conducted a survey on finance companies’ commitments to Principle 3 of the UN Global Compact, “Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining”. 35 major finance companies were asked to elaborate on their commitments to Principle 3. In a second [...]

Banks show the second best EthicalQuote reputation score from June 2006 to June 2007 compared to nine other industries, states a report released on 29 June 2007 by Geneva-based ethical reputation research firm Covalence, Covalence Banking Industry Report 2007. Over last year the Banking Industry has witnessed a favorable evolution in the areas of Eco-Innovativeness [...]