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 [...]

Business leaders from developed and developing countries today pledged to comply with labour, human rights, environmental and anti-corruption standards as a two-day conference closed in Geneva. At the second United Nations Global Compact Leaders Summit, top executives of corporations such as Coca-Cola, Petrobras, Fuji Xerox, China Ocean Shipping Group, Tata Steel, L M Ericsson and [...]

Le secteur bancaire obtient la deuxième meilleure cotation éthique de juin 2006 à juin 2007 comparé à neuf autres secteurs, indique un rapport publié le 29 juin 2007 par la société genevoise Covalence, Covalence Banking Industry Report 2007. Au cours des 12 derniers mois le secteur bancaire a progressé dans le domaine des produits écologiquement [...]

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 [...]

Within the industry (25 among the largest banks in market capitalization), HSBC is leading the way ahead of ABN AMRO and Bank of America, while US Bancorp and Banco Bilbao occupy the last positions. While global warming offers banks opportunities (carbon emissions reduction plans, investments in renewable energy), it also brings increased scrutiny on their [...]