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'Nearly 48% of banking customers would cash out if they knew their bank was funding fossil fuels'


Image: Shutterstock
Almost half of banking customers would move their money if they found out their bank was financing fossil fuels.
That’s one of the findings of new research by Deloitte, which suggests seven-in-ten customers are likely to choose banks with positive social and environmental impacts.
Almost 61% of 1,250 UK banking customers who took part in the survey wish that their bank would do more to create a positive social and environmental impact.
Three-fifths of the customers think their bank is strongly committed to sustainable and environmental causes, according to the research.
However, almost 64% of the respondents would like their bank to allow them to mobilise a portion of its profits to a cause they support. ....

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Exclusive: Banks failing to prioritise the climate will lose customers, survey shows : CityAM


Exclusive: Banks failing to prioritise the climate will lose customers, survey shows
(AFP via Getty Images)
Customers are expecting more from their banks when it comes to climate change and could lose out to more green competitors if they fail to prioritise the environment. 
Some 71 per cent of UK banking customers are more likely to choose a bank with a positive social and environmental impact, according to new research from Deloitte. 
The survey of 1,000 customers reveals that more than three fifths would leave their bank if it was linked to any social or environmental harm, even if it had the best offer.  ....

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