How ethical is Ecology Building Society?
Ecology Building Society is a UK-based building society that has achieved an acceptable score on The Good Shopping Guide’s Ethical Banks & Building Societies Ratings Table, but Ethical Accreditation has not yet been achieved. This is important because it provides additional verification on the company’s wider ethical and sustainable policies and practices.
Read more about the issues facing the banking sector in our article on Ethical Banks & Building Societies and find out which companies have achieved accreditation for their commitment to being ethical and socially responsible businesses.
What does Ecology Building Society do?
Ecology Building Society is a financial company founded in West Yorkshire in 1981. The company focuses on environmentally sustainable financial practices and prioritises financing environmental building renovations and supporting sustainable development.
In which areas does Ecology Building Society perform well?
As a top-rated business, Ecology Building Society receives a top rating in many of our research categories.
For instance, Ecology receives a top rating in the Responsible Investment Policy criterion. This is because the company vows to only use its members’ savings to fund properties and environmentally-friendly projects.
What can Ecology Building Society do to improve its ethical score?
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.
To improve its score further, Ecology Building Society could look to gain Ethical Accreditation. This would allow us to confirm and verify its ethical and environmental claims.
If you’re interested in learning more about achieving Ethical Accreditation for your brand, please contact us or complete a Free Initial Assessment form.
Ethical performance in category
GSG score
GSG category benchmark
Ethical Rating
Environment
-
Environmental Report
Good
-
Environmental Destruction
Good
-
Carbon Disclosure & Reduction Targets
Good
People
-
Irresponsible Lending
Good
-
Political Donations
Good
Other
-
Ethical Accreditation
Poor
-
Responsible Investment Policy
Good
-
Mutual Status
Good
-
Other Criticisms
Good
-
Ethical Innovator
Good
= GSG Top Rating = GSG Middle Rating = GSG Bottom Rating