GITNUX MARKETDATA REPORT 2024

Statistics About The Most Ethical Banks

The statistics about the most ethical banks are expected to show a strong focus on social responsibility, sustainability practices, and transparent operations.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore a comprehensive overview of the current landscape of ethical banking, backed by a plethora of compelling statistics and data points. From consumer preferences and banking practices to the impact of ethical banking institutions on society and the environment, these numbers shed light on the growing importance of responsible financial practices in today’s world.

Statistic 1

"Globally, 83% of people believe it's important to use a bank that is responsible, ethical, and fair"

Statistic 2

"Over 50% of millennials in the UK choose their bank based on ethical criteria"

Statistic 3

"In 2019, Global Alliance for Banking on Values (GABV) banks increased their combined balance sheet by 14% to €163 billion"

Statistic 4

"70% of UK consumers think that banks need to be more responsible"

Statistic 5

"Amalgamated Bank, a leading ethical bank, donated over $10.5 million to non-profits in 2020"

Statistic 6

"The Global Alliance for Banking on Values (GABV) has helped over 100 million people have access to ethical banking"

Statistic 7

"Dutch bank Triodos received a score of 92 out of 100 in Sustainalytics' ESG Risk Rating, one of the highest in the banking sector"

Statistic 8

"Charity Bank in the UK has issued over £350 million in loans to charities and social enterprises since inception"

Statistic 9

"Ecology Building Society, an ethical lender in the UK, has over 9,500 open savings accounts"

Statistic 10

"More than 1.4 million people across 70 countries are members of banking institutions associated with the GABV"

Statistic 11

"92% of consumers worldwide want their bank to prioritize the planet’s health over profits"

Statistic 12

"Leapfrog Investments, a socially responsible investor, has portfolios in over 140 banking and financial service companies"

Statistic 13

"In Canada, Vancity credit union, renowned for being ethical, holds over $22 billion in assets"

Statistic 14

"Over 30% of Australians are choosing banks that align with their values"

Statistic 15

"As of 2020, 24 of the world's leading banks have committed to the UN's Principles for Responsible Banking"

Statistic 16

"Ethical Bank Triodos manages over £17.4 billion in assets, investing into initiatives that benefit the environment and society"

In conclusion, the statistics presented clearly indicate a growing global interest and demand for ethical banking practices. The significant increase in assets and donations by ethical banks, coupled with the high ratings and memberships in ethical banking institutions, reflect a strong shift towards prioritizing responsible and fair banking practices. Consumers, particularly millennials, are increasingly choosing banks based on ethical criteria and are advocating for greater social and environmental responsibility within the banking sector. The commitment of leading banks to sustainable principles further underscores the importance of aligning financial practices with societal values and environmental stewardship.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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