ESG Intelligence – UK Banking – Q4 2020
In Q4 2020, individual UK bank scores range from a high of +59 (Nationwide) to a low of -62 (HSBC) with issues around scams, frauds and data security weighing heavily on the ratings. Several banks have little to no ESG profile presenting risks.
Top performer Nationwide incentivises customers who want to make their home more energy efficient and gains wide publicity in converting all debit and credit cards to recycled plastic.
A failure to commit to ending fossil fuel financing its net-zero emissions plan and leaks that revealed Chinese Communist Party members working at HSBC all combine to make them the lowest performer.
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