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Co-op Bank Publish Values and Ethics Report



The Co-operative Bank has published an overview of the Bank’s commitment to its extended Ethical Policy. In its Values and Ethics Report, the Co-operative Bank demonstrates its product development, charitable giving, and ethical campaigning, which has supported economic and social development in the UK. The Co-operative Bank is the only high-street bank with a customer-led Ethical Policy.

Highlights of the 2015 Report reveal that the Bank:

– Returned to its campaigning heritage by partnering with Refuge to lift the lid on financial abuse in intimate relationships

– Launched ‘The Hive’ – a £1 million business support programme to help growth in the £37 billion co-operative and social enterprise sector. The programme is being run through Co-operatives UK and nearly 7,000 co-operatively run businesses will be able to access this service

– Launched new overdraft and credit card propositions which were designed in conjunction with customers and reflect the values of  transparency and fairness

– Sourced 99 per cent of its energy from renewable sources

-Reused or recycled 88 per cent of the total tonnes of waste we produced during 2015 (up from 70 per cent in 2014);

– Raised close to £1 million for its charity partners through affinity credit cards

– Delivered £1.4 million of community investment

– Supported local communities through staff volunteering with 4,352 hours of paid time off (almost an hour for every colleague who works for the Bank)

The 2015 Values and Ethics Report showcases how the Bank has been designing and creating products which are in-line with customer expectations and putting customers at the heart of the development process. It also provides independent assurance about the way the Bank implements its Ethical Policy, including the ethical screening of business banking customers and suppliers.

Notably,  the  report  also  highlights  how the Bank has made a successful return  to  campaigning,  detailing  the  ‘My money, my life’ campaign with Refuge which  identified  and  raised  awareness  of financial abuse in intimate  partner  relationships  in  the  UK.  The campaign calls for the
Banking industry to introduce a ‘Code of Practice’ to tackle the previously unknown issue in the industry and help the victims of financial abuse.

Laura Carstensen, Chair of The Co-operative Bank’s Value and Ethics Committee, comments: “We remain the only high street bank in the UK to have a customer-led Ethical Policy and we have long been at the forefront of reporting to our customers and wider stakeholders on its implementation. I’m very pleased that this year’s report builds on this heritage and also documents our return to campaigning.

“The  Values  and  Ethics  which underpin the Bank’s business are now being embedded  in  all  areas  including  the  co-creation of products utilising customer  feedback.  This  was  central  to  the  creation  of  our revised overdraft  structure  and  the  launch  of our balance transfer credit card which doesn’t penalise customers for small mistakes. The report demonstrates that putting the customer at the heart of everything we do is vital as we continue to rebuild the business and trust in our brand.

“Whilst there is still much to do to turn the business around, we are making real progress.  As the most improved brand in the YouGov 2015 Brand Index, our Values and Ethics continue to differentiate us and I know customers will welcome this report on our progress.”


Is Wood Burning Sustainable For Your Home?



sustainable wood burning ideas

Wood is a classic heat source, whether we think about people gathered around a campfire or wood stoves in old cabins, but is it a sustainable source of heat in modern society? The answer is an ambivalent one. In certain settings, wood heat is an ideal solution, but for the majority of homes, it isn’t especially suitable. So what’s the tipping point?

Wood heat is ideal for small homes on large properties, for individuals who can gather their own wood, and who have modern wood burning ovens. A green approach to wood heat is one of biofuel on the smallest of scales.

Is Biofuel Green?

One of the reasons that wood heat is a source of so much divide in the eco-friendly community is that it’s a renewable resource and renewable has become synonymous with green. What wood heat isn’t, though, is clean or healthy. It lets off a significant amount of carbon and particulates, and trees certainly don’t grow as quickly as it’s consumed for heat.

Of course, wood is a much less harmful source of heat than coal, but for scientists interested in developing green energy sources, it makes more sense to focus on solar and wind power. Why, then, would they invest in improved wood burning technology?

Homegrown Technology

Solar and wind technology are good large-scale energy solutions, but when it comes to small-space heating, wood has its own advantages. First, wood heat is in keeping with the DIY spirit of homesteaders and tiny house enthusiasts. These individuals are more likely to be driven to gather their own wood and live in small spaces that can be effectively heated as such.

Wood heat is also very effective on an individual scale because it requires very little infrastructure. Modern wood stoves made of steel rather than cast iron are built to EPA specifications, and the only additional necessary tools include a quality axe, somewhere to store the wood, and an appropriate covering to keep it dry. And all the wood can come from your own land.

Wood heat is also ideal for people living off the grid or in cold areas prone to frequent power outages, as it’s constantly reliable. Even if the power goes out, you know that you’ll be able to turn up the heat. That’s important if you live somewhere like Maine where the winters can get exceedingly cold. People have even successfully heated a 40’x34’ home with a single stove.

Benefits Of Biomass

The ultimate question regarding wood heat is whether any energy source that’s dangerous on the large scale is acceptable on a smaller one. For now, the best answer is that with a growing population and limited progress towards “pure” green energy, wood should remain a viable option, specifically because it’s used on a limited scale. Biomass heat is even included in the UK’s Renewable Heat Initiative and minor modifications can make it even more sustainable.

Wood stoves, when embraced in conjunction with pellet stoves, geothermal heating, and masonry heaters, all more efficient forms of sustainable heat, should be part of a modern energy strategy. Ultimately, we’re headed in the direction of diversified energy – all of it cleaner – and wood has a place in the big picture, serving small homes and off-the-grid structures, while solar, wind, and other large-scale initiatives fuel our cities.

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New Climate Change Report Emphasizes Urgent Need for Airline Emission Regulations




In less than two months, the United States has grappled with some of the worst natural disasters in its history. Hurricanes battered the south central United States. Fires destroyed homes throughout Northern California. Puerto Rico experienced some of the worst storms ever. A massive windstorm caused more damage to the northeastern United States then any other storm on record before winter even struck.

These recent incidents have spurred discussion on the dangers of climate change. A recent report from the University of London has shed some light on the discussion. The new report suggests that new regulations are needed, including stricter EPA regulations on Airlines.

Review of the new report

The new report was published in the British medical Journal, Lancet. The report concluded that climate change is a “threat multiplier” for a variety of social problems, including diseases and natural disasters. While numerous studies have processed the risk that climate change plays with creating natural disasters, University of London report is among the first to explore the relationship between climate change and disease.

The authors warned that the problems are becoming irreversible. They will continue to get worse if risk factors are not adequately addressed.

The most concerning part of the report is that these problems are having the most serious impact on the most vulnerable communities in the world. Countries that depend on agriculture and other issues will suffer the most if climate change escalates.

“The answer is, most of our indicators are headed in the wrong direction,”said Nick Watts, a fellow at University College London’s Institute for Global Health and executive director of the Lancet Countdown, one of the lead researchers of the paper. “Broadly, the world has not responded to climate change, and that lack of response has put lives at risk. … The impacts we’re experiencing today are already pretty bad. The things we’re talking about in the future are potentially catastrophic.”

Airline industry discovers climate change is a two-way Street

The airline industry is coping with the problems of climate change, while also coming to terms with the fact that it has helped accelerate the problem. Earlier this year, American Airlines was forced to cancel four dozen flights near Phoenix. Cancellations were called due to excessive temperatures. The air was over 120 degrees, which is too hot for some smaller jet planes to get off the ground.

One anonymous airline executive privately admitted that their business model has facilitated climate change. They warned that the problem may become twice as bad in the next few years if proper safeguards aren’t implemented. Representatives from Goindigo have echoed these concerns.

The EPA has stated that airplanes account for 11% of all emissions. They are expected to increase over 50% within the next 30 years. This could have serious repurcussions if newer, greener airplane models don’t become the new standard in the very near future.

This is driving discussion about the need for new policies.The EPA has been discussing the need for new airline regulations for nearly two years. An EPA ruling made in July 2016 set the tone for new regulations, which could be introduced in the next year.

The new policies may be delayed, due to the new president’s position on climate change. He hired an EPA chief that has sued the organization about a dozen times. However, the Trump Administration may not be able to oppose climate change indefinitely, because a growing number of people are pressing for reforms. Even younger conservatives primarily believe climate change is a threat and are demanding answers. This may force the EPA to follow through on its plans to introduce new solutions.

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