Revolut

Is Revolut ethical?

Revolut has been researched and ranked in The Good Shopping Guide’s Ethical Banks & Building Societies Ratings Table and receives a below-benchmark 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 Revolut to other banks.

What does Revolut do?

Revolut is a digital challenger bank based in London, England. The company was founded in July 2015 to provide a solution to expensive overseas spending caused by hidden charges and transaction fees, allowing travellers to spend for free in over 90 countries.

For which criteria does Revolut score poorly? 

Revolut unfortunately receives a bottom rating in the Environmental Report category. Although the company does have some sustainability information on its website, our research team deemed it insufficient for a middle or top rating.

Moreover, Revolut does not publish any carbon reduction targets and only partially discloses its carbon emissions, resulting in a bottom rating in the Carbon Disclosure & Reductions Targets.

In what areas does Revolut score well for its ethics?

Revolut receives a top rating in the Environmental Destruction and Irresponsible Lending categories, as it was not found to have received public criticism for involvement in unethical lending practices relating to either the environment or human rights.

How can Revolut 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.

Revolut could achieve a score that meets our ethical benchmark if it improved in several of our research categories. To start, Revolut should aim to improve its rating in the Environmental Report and Carbon Disclosure & Reduction Targets criteria.

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