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The Co-operative BankUnited Kingdom
Active
This profile is actively maintained
Last update: 2024-03-08 00:00:00
Co-operative Bank's head office in Manchester. Photo: Sludge G via Wikimedia Commons (CC BY-SA 2.0)
Active
This profile is actively maintained
Last update: 2024-03-08 00:00:00
About
| Website | https://www.co-operativebank.co.uk/ |
| Headquarters |
1 Balloon Street
M60 4EP Manchester
United Kingdom
|
| CEO/chair |
Nick Slape CEO |
| Supervisor | |
| Ownership |
The Co-operative Bank's shareholder structure can be accessed here. |
The Co-operative Bank is an ethical bank operating in the United Kingdom. The bank introduced its Ethical Policy in 1992, which stipulates who the bank will and will not finance, based on its customers' ethical concerns. The bank also operates the internet bank 'smile'. The bank was previously owned by The Co-operative Group, the UK's largest consumer co-operative. In April 2013, after a £1.5 billion capital shortfall was uncovered at the bank, The Co-operative Group sold 70% of the bank's shares to private investors in November 2013. The Group's shareholding was further reduced to 20% in November 2014, and to zero in September 2017. The bank is now owned by a consortium of hedge funds. In 2024, Coventry Building Society made an offer to buy the bank.
Sustainability
Commitments
Policies
Voluntary standards
The Co-operative Bank's most important sustainability commitments can be found at the website sections listed below.
The Co-operative Bank has committed itself to the following voluntary standards:
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The Co-operative Bank Ethical Policy
Accountability
This page evaluates The Co-operative Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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