Chase

Is Chase ethical?

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

Although this company is a long way from meeting our ethical benchmark, we hope that in the future, it will make the necessary adjustments 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 Banks. You can also use our Ethical Banks & Building Societies Ratings Table to compare Chase to other banks.

What does Chase do?

Chase is an American bank based in New York City, United States. It is a subsidiary of the multinational financial services company, JP Morgan Chase. Although Chase has been in operation in the United States for decades, the company only recently launched products in the UK in 2021.

For which criteria does Chase score poorly? 

Unfortunately, due to its low score in The Good Shopping Guide, Chase receives a bottom rating in the majority of our research categories.

For instance, the company receives a bottom rating for Environmental Destruction, due to JPMorgan Chase’s involvement in harmful environmental projects, including funding fossil fuel companies such as TotalEnergies and mining companies such as AngloAmerican and Glencore.

Additionally, JPMorgan Chase has made millions of dollars of political donations in the United States in the past 5 years, resulting in a bottom rating in the Political Donations category.

In what areas does Chase score well for its ethics?

Although Chase receives an extremely low score, it does receive a top rating for Environmental Report.

The company has published a series of environmental commitments on its website, which outline how it seeks to improve its sustainability record in areas such as waste, renewable energy and water consumption. We can only hope that Chase follows through on these commitments.

How can Chase 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.

Significant work is required from Chase to improve its score and become an ethical bank. We suggest that the company starts by stopping all political donations and ceasing involvement with companies linked to harmful environmental activities.

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