In a report issued today, Bank of America announced it is ahead of schedule on its 10-year, $20 billion business initiative focused on addressing climate change, launched in 2007. Through June 2010, Bank of America has directed $8.4 billion through…
A fresh writedown for UBS. An ethical writedown, that is. The below chart compiled by Covalance - an ethical research outfit. As you’ll notice, UBS - generally a poorly behaved child - has been very naughty since mid-April. (...) HSBC,…
Interactions of banks with governments are increasingly criticized in terms of ethics; meanwhile, environmental initiatives and philanthropic donations are the industry’s main positive news cows, states a report published today by Geneva-based ethical reputation research firm Covalence — Covalence Banking…
Thousands of South Africans who suffered under apartheid won the right yesterday to sue a number of companies, including BP, Citigroup and Ford, for allegedly helping to perpetrate human rights abuses. The US Supreme Court ruled that three class actions…
According to the latest Banking Industry report from research group Covalence, competition for eco-minded customers has helped improve how banks' services affect the environment. The study looked at the EthicalQuote Reputation Index for nine industries from June 2006 to June…
Le secteur bancaire obtient la deuxième meilleure cotation éthique de juin 2006 à juin 2007 comparé à neuf autres secteurs, indique un rapport publié le 29 juin 2007 par la société genevoise Covalence, Covalence Banking Industry Report 2007. Au cours…
Banks show the second best EthicalQuote reputation score from June 2006 to June 2007 compared to nine other industries, states a report released on 29 June 2007 by Geneva-based ethical reputation research firm Covalence, Covalence Banking Industry Report 2007. Over…
Within the industry (25 among the largest banks in market capitalization), HSBC is leading the way ahead of ABN AMRO and Bank of America, while US Bancorp and Banco Bilbao occupy the last positions. While global warming offers banks opportunities…
In the business world these days, it appears that just about everything is for sale. Multi-billion-dollar deals are commonplace, and even venerable institutions such as the Wall Street Journal find themselves put into play. Yet companies are not the only…
