£700m loans turned away

The Co-operative Bank has said that since introducing an ethical policy 15 years ago it has refused applications for loans worth more than £700 million.

The bank claimed the policy, which aims to avoid exposure to firms deemed to be involved in unethical and environmentally-unfriendly criteria, was a key driver of its strong growth.

The policy has seen the bank take a stance against issues such as climate change.

Source:
http://business.scotsman.com/banking.cfm?id=1108752007