A recent analysis by consumer advocate group Which? has placed some of the UK’s largest high-street banks in a concerning “red” warning category based on their fossil fuel investments and environmental policies. Out of 13 leading current account providers, only three earned the coveted Which? Eco Provider badge.
The study, which surveyed 1,463 Which? members in January, revealed that 69% considered opening an account with a sustainable bank as the least important way to address climate change. However, the research highlighted that the 60 largest banks globally invested a staggering $669 billion into the fossil fuel industry in 2022, with many UK high-street banks among the top contributors.
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