It is usually easier to make progress when you start from a lower position, as each increment has a bigger impact. This does not seem to be the case with the banking sector, which has been blamed for the economic crisis that has gone global and whose ethical rankings slipped tremendously since 2008.
The Banking sector report published by Covalence (the Swiss ethical ranking company) shows that the ethical reputation of banks seems to show smaller progress than the other sectors . Probably because they are still shy in offering sustainable products, which negatively affects their score. Most of their clients are still concerned about preserving and growing their assets after the stock market re-adjustment.
For the press release and link towards the report click here.
