Be the change that you wish to see in the world
Hopefully you will have read about the importance of a plant based diet for the planet, animal welfare and our health. If not, you can read my article HERE.
Often overlooked is the ethics of the banking world. I'm sure you've read about huge bonuses for banking executives, which is one way that banks are unethical, but how much do you know about what the banks and building societies do with the money you deposit with them?
In general banks and building societies are not very forthcoming about what they do with your money so it isn't easy to find out exactly where your money is going. One of the big causes of global warming is the burning of fossil fuels and this just has to stop. However, the fossil fuel industry is big and powerful (like the meat industry) so many banks are happy to lend money to them. I will certainly not lend my money to an activity that is causing the destruction of our planet and so I wanted to find a bank and building society that definitely will not lend money to these people.
From my research I have discovered a bank and a building society that not only refuse to lend money to anything that is detrimental to the planet, but they are completely open about where there money goes. They are Triodos Bank and the Ecology Building Society. Both of these will ONLY lend money to sustainable projects that actually benefit the planet, so you can be confident that your money isn't going into other dubious places such as the supply of arms and the meat industry.
So I switched from my bank to these two. It was very easy to open accounts with them and easy to switch. Both are protected by the FSCS so your money is safe. Interest rates are slightly lower than some of the main banks and Triodos does charge £3 a month to operate your account, but in my opinion I think it's a small price to pay for the satisfaction of knowing your money is only used for good things. At least check those two out and decide for yourself.
Some useful links:
- Triodos Bank - Very ethical, only lends to projects that improve the planet.
- Ecology Building Society - Very ethical, only lends to projects that improve the planet.
- Bank Safe - Find out if your bank is funding the fossil fuel industry, and whether it is being transparent like the above two banks.
I hope this short article has given you food for thought and, as I know you care about our planet, I hope you will at least read about the ethical banks and think about whether you want to change banks! - Dave