Looking at Ethical banking

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I was shocked when I read this post in my LinkedIn feed:

Is this true? – after all, it’s social media. I checked some external sources and indeed there seems to be some credibility here.

Spurred by this, I mentioned in my church Bible Study group that I’m lead to contact organisations I’m involved in to move towards banks committed to ethical banking practices. I was horrified by a comment made about the bank mentioned in the LI article:

“But they’re “The Farmer’s Bank” so they do good things.”

Wait up. Jesus taught that repentance, not compensation, is the way to deal with sin. Ergo: A bank doing “good things” for farmers doesn’t give the bank the right to mistreat animals.

So over the past few days I’ve been looking into ethical banking, and which banks respect values such as:

  • Animal welfare.
  • Capital available for investments into developing and third world economies.
  • Environmental impact and sustainability.
  • Financing war-based industries.

A couple of banks have surfaced in a very positive light, and I’ve approached an organisation I’m close to and suggested they move away from their current unethical banker towards one of these ethical banks. And praise God they agreed! 🙂

I’ll be helping them make the transition. It’s not something I ever thought I’d be involved in, but I’m thankful I can help some animals, albeit rooted from disgusting human behaviour.