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BANKING AND HEALTH

New oil, gas or coal expansion is not compatible with goals to limit warming to 1.5°C. Despite this, banks continue to funnel money into the fossil fuel industry, putting our collective future at risk. Banks are an intrinsic part of the problem. In addition to bankrolling climate catastrophe, many of the banks that are used by UK health organisations have come under fire for a range of ethical concerns including human rights, workers’ rights, funding nuclear weapons manufacture, arms and military supply, political activities, anti-social finance and tax misconduct. Many banks are funding the underlying drivers of the climate crisis including limitless growth, colonialism and militarism.

Health organisations can make a difference by reviewing their financial choices. Moving to an ethical and sustainable bank is an achievable, impactful and financially sensible action that health organisations can take. Breaking ties with banks financing injustice sends a clear message to the finance world - defund fossil fuels.

We encourage health workers to find out if their membership organisation is bankrolling the climate crisis, and if they are, ask them to switch to a more ethical and sustainable bank. To join a network of health workers campaigning to get their organisations to move to fossil free banks, join the BankBetter WhatsApp group chat here.

IS YOUR ORGANISATION
BANKROLLING THE CLIMATE CRISIS?

Organisation
Bank
Find out more
Association of Anaesthetists
Association of Clinical Psychologists UK
British Association for Counselling and Psychotherapy
British Association for Music Therapy
British Association of Critical Care Nurses
British Association of Dermatologists
British Dental Association
British Dietetic Association
British Medical Assocation
British Psychological Society
British Society of Gastroenterology
British Thoracic Society
British and Irish Association of Stroke Physicians
Centre for Pharmacy Postgraduate Education
Chartered Society of Physiotherapy
College of General Dentistry
College of Osteopaths
College of Paramedics
Faculty of Forensic and Legal Medicine
Faculty of Occupational Medicine
Faculty of Pharmaceutical Medicine
Faculty of Public Health
Faculty of Sexual and Reproductive Healthcare
General Medical Council
Intensive Care Society
Nursing and Midwifery Council
Physiological Society
Plant-Based Health Professionals UK
Royal College of Anaesthetists
Royal College of Emergency Medicine
Royal College of General Practitioners
Royal College of Midwives
Royal College of Nursing
Royal College of Nursing
Royal College of Obstetricians and Gynaecologists
Royal College of Occupational Therapists
Royal College of Paediatrics and Child Health
Royal College of Pathologists
Royal College of Physicians
Royal College of Physicians and Surgeons of Glasgow
Royal College of Physicians of Edinburgh
Royal College of Psychiatrists
Royal College of Radiologists
Royal College of Speech and Language Therapists
Royal College of Surgeons of Edinburgh
Royal College of Surgeons of England
Royal College of Veterinary Surgeons
Royal Pharmaceutical Society
Society for Acute Medicine

DATA COLLECTION:

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Data was collected via the Climate and Health Scorecard Initiative and/or though publicly available Annual Reports and Accounts. 

If your organisation has moved bank, or you would like us to add another health organisation to this list, please contact us using the form at the bottom of the page.

RESOURCES

Switch It Green informs, empowers, and mobilises individuals to take impactful climate action by switching en masse to greener financial providers.

Check whether your bank funds the fossil fuel industry.

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MotherTree is a financial service that calculates your money's carbon footprint for free, and can help organisations switch to greener providers.

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Make My Money Matter is a campaign calling for the trillions of pounds invested in UK pensions to be invested to build a better future.

Bank On Our Future is a network of international organisations and social movements working together to pressure banks to align their business practices with a fair and habitable future.

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Insure Our Future calls on all insurers to immediately stop insuring new fossil fuel projects, and to phase out existing coal, oil and gas insurance.

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 Defund Climate Chaos coalition is comprised of grassroot groups, unions and individuals rising up together to demand that governments and corporations #DefundClimateChaos, pay Climate Reparations and fund a Global Just Transition.

For more links to groups and campaigns, please visit our resources page.

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