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Charity Bank Ltd

Charity Bank is an ethical bank that is motivated by a desire to support charities and social enterprises with loans rather than profit and uses its savers’ money to create lasting social change. They claim that they see that banking should always work for good, but do they live up to this belief?


We investigated Charity Bank in 2018 and gave the company our best rating for environmental reporting.

The bank discussed its key environmental impacts in its Corporate Social Responsibility report, as well as the indirect impacts of its lending activities. Impacts listed included: staff travel, communications materials and offices operations. We were also told via email that the bank used renewable energy and recycled and re-used materials wherever possible.

Perhaps most importantly in this sector, the bank did not lend to the fossil fuel industry. It added they considered the environmental benefits of funding projects using social impact assessments. These occurred when the bank was lending money, which was always to charities, social enterprises and organisations with a charitable purpose. The bank’s annual loan portfolio report showed that they a had funded a range of positive projects including two of renewable energy businesses.


We found that Charity Bank made an annual loan report. This openly identified the borrowers it had supported with loans, and the projects that the money provided by savers had helped to fund for that year. We thought this was a positive policy that encouraged transparency, something that we see as a vitally important part of a democratic system.

Furthermore, we saw that by lending exclusively to social and charitable projects, Charity Bank offered an environmental and social alternative to the mainstream banking sector. We see this to be politically beneficial as it gives consumers an alternative choice.

charity bank a bank for good ethical consumer
  • Ethical Consumer Best Buy: Yes
  • Boycotts: No

Company information

Company Ethiscore

Company Address:

The Charity Bank Limited,
Fosse House,
182 High Street,

Contact Charity Bank

Email or tweet Charity Bank to let them know what you think of their ethics.

Associated brands

  • Charity Bank

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