sign on form

Stay up to date

Sign up now for all our news
in one monthly digest

People's Charter for RBS

Main
Banks
By Friends of the Earth Scotland | United Kingdom, Sep 23 2010

Billboards around the country proudly announce the Royal Bank of Scotland's 14 vague commitments to improve customer services. So, we have launched an alternative People's Charter for RBS, outlining a green future for the Royal Bank of Scotland. 

Our Charter proposes real changes that would turn the 83% publicly owned bank RBS into a Royal Bank of Sustainability.

We commit to withdrawing investment in companies and projects that damage the environment and destroy human rights

  • We will withdraw current, and cease further, investment in projects and companies that destroy fragile and irreplaceable eco-systems, with immediate effect
  • We will refuse to finance businesses or ventures that marginalise communities, fail to uphold human rights or have close links to oppressive regimes
  • In particular, we will stop investing in companies exploiting unconventional sources of oil, such as the Canadian tar sands
  • We will not fund the construction of any new coal fired power stations, nor companies involved in the mining and transportation of coal

We commit to minimising the climate change implications of our investments

  • We will recognise the full implications of our operations on climate change, particularly the core business of financial services
  • We will introduce a comprehensive policy for reducing the climate change impacts of our entire operations including a target for annual reductions and a strategy to achieve this
  • We will calculate, publish and cap carbon emissions embedded in our investment portfolio and financial services
  • We will prioritise investment in projects that actively contribute to the creation of climate jobs

We commit to becoming a Royal Bank of Sustainability

  • We will replace the Oil and Gas Team with a Sustainable Energy Team, the majority of whose investments will be in renewable energy and energy conservation
  • We will open up direct lending to communities to micro-finance the transition to a low-carbon society with projects such as de-centralised energy and insulation
  • We will prioritise lending to low-carbon companies, technologies and infrastructure
  • We will enable and respect public participation in investment decisions
  • We will seek to repay our climate debt to the worst affected people and environments
  • We will transform RBS into a precedent setting Green Investment Bank

 

 

RBS
RBS was founded in 1727 and is one of the major UK banks. RBS has 40 million customers using the financial services of over 30 brands, including NatWest, Direct Line, Churchill,…
Login

Good login. Redirecting to
'My Banktrack'.
Wrong login. Click here to request your password.
An email has been sent with your login!
Request password
This email is unknown.
<< Back
Search
Please provide one or more search terms

Join our mailinglist

Get all our latest news releases delivered straight to your inbox - or get our News Digest once a month

banktrack tweets
"The Unesco report has termed the #Rampal EIA as incomplete and questionable." #SaveSundarbans https://t.co/USGV4yNsVP
Sep 25, 2016
contact
route
Vismarkt 15
6511 VJ Nijmegen
Netherlands


contact@banktrack.org
Contact us