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All information about Transparency

When affected by an economic activity is your life - such as the construction of a polluting factory next to your house - you can not defend your interests if you are not fully informed. You have information on both the environmental, social and economic benefits, as the costs and risks associated with that activity required. To be able to meaningfully participate in decision-making is therefore the public right to information enshrined in various international instruments.

For banks, transparency is possibly even more important than for other companies. Unlike other companies, they play as financiers namely an important role in almost all economic sectors and wear it as investors, a certain responsibility. For this reason, banks should not only inform the public about their own activities, but they must be as transparent as possible about the companies in which they invest. Projects and governments

The Fair Bank Guide therefore considers it important to also assess banks on their transparency policy. A good policy transparency includes:

  • Publication of a sustainability report that meets the GRI Sustainability Reporting Guidelines;
  • Understanding how the bank ensures that investments to the set conditions and what action to take if there was not complied with;
  • Publication of basic information about major customers, including reports on social and environmental effects.

Detailed information on how the Fair Bank Guide banks evaluates this subject can be found in chapter three of theĀ latest report.

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