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 an above-benchmark score.
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 Nationwide Building Society. 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 does not receive a top rating in the Environmental Report category. This is due to the fact that there is not enough detail or strong targets in the sustainability information viewed by our research team.
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.
By improving its environmental report, 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.
Ethical performance in category
GSG score
GSG category benchmark
Ethical Rating
Environment
-
Environmental Report
Acceptable
-
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
= GSG Top Rating = GSG Middle Rating = GSG Bottom Rating