Virgin Money

Is Virgin Money ethical?

Virgin Money has been researched and ranked in The Good Shopping Guide’s Ethical Banks & Building Societies Ratings Table and receives a below-benchmark score. Despite not meeting our ethical requirements, we hope that in the future, Virgin Money will make the necessary changes to become 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 Virgin Money to other banks.

What does Virgin Money do?

Virgin Money UK, which is now separate from Virgin Money in other countries, is a financial services company owned by Virgin Money UK Plc. The company offers banking services such as current and savings accounts, loans, investments and mortgages.

For which criteria does Virgin Money score poorly? 

Virgin Money unfortunately receives a bottom rating in the Responsible Investment Policy category. This is due to the fact that the company does not publish strict revenue thresholds for its restrictions on responsible investments.

In what areas does Virgin Money score well for its ethics?

Virgin Money has not been found to have made any political donations in the last 5 years and therefore gains a top rating in the Political Donations category.

How can Virgin Money 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.

Virgin Money has several areas which require improvement in order to attain a better overall GSG score, including Environmental Report and Responsible Investment Policy. By improving in these areas, Virgin Money will be working towards becoming an ethical business.

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