Article
UK’s largest ethical bank won’t touch World Bank private sector bonds
Leading development and environment NGOs, including Christian Aid and Friends of the Earth, have today welcomed the commitment by The Co-operative Bank [part of Co-operative Group] to hold no investments in the World Bank's private sector arm, the International Finance Corporation (IFC). It is understood that the Co-operative Bank had become increasingly concerned about the IFC's commitment to fossil fuel extraction and its failure to provide meaningful investment for renewable energy projects.