Newcastle Building Society

Is Newcastle Building Society ethical?

Newcastle Building Society has been researched and ranked in The Good Shopping Guide’s Ethical Banks & Building Societies Ratings Table and receives a low score.

Although our ethical requirements have not yet been met by this company, we hope that in the future, it will make the necessary adjustments to operate as a more ethical business.

More information on the ethical issues faced by the sector, may be found in The Good Shopping Guide’s article on Ethical Banking. You can also use our Ethical Banks & Building Societies Ratings Table to compare Newcastle Building Society to other similar businesses.

What does Newcastle Building Society do?

Newcastle Building Society, headquartered in its titular city, is a building society in the North of England which offers services such as savings accounts, mortgages and financial advice. As of 2024, Newcastle Building Society has 23 branches but can also be accessed online.

For which criteria does Newcastle Building Society score poorly? 

Newcastle Building Society receives a bottom rating in the Environmental Report criterion. This is because the company provides very little information on its ethical and environmental goals and initiatives and therefore does not demonstrate its commitment to improving its environmental record.

In what areas does Newcastle Building Society score well for its ethics?

Due to being a mutual organisation, Newcastle Building Society receives a top rating in the Mutual Status category.

Additionally, due to a lack of negative records, Newcastle Building Society has also attained a top rating for Political Donations.

How can Newcastle Building Society improve its ethical rating?

The ethical rating of a Finance brand is divided into three categories by The Good Shopping Guide: the Environment, People and Other. Find out more about how we rate.

Newcastle Building Society has several middle and bottom ratings which require improvement to achieve our ethical benchmark. For instance, if Newcastle Building Society improved its sustainability commitments, it could achieve a better rating for Environmental Report.

If you’re interested in learning more about achieving Ethical Accreditation for your brand, please contact us or complete a Free Initial Assessment form.