Date Passed: 19th November
Speaker: Will Bindley
1. Natwest is owned and ran by The Royal Bank of Scotland RBS is an investor in the Arms trade, including the highest investor in cluster bombs out of all British banks. (http://www.independent.co.uk/news/uk/home-news/uk-banks-fund-deadly-clusterbomb-industry-2338168.html)
3. Fossil Fuel industry, causing climate chaos. “The Oil & Gas Bank – RBS and the financing of climate change,” Mika Minio-Paluello, Platform 03/07 http://peopleandplanet.org/dl/ddd/rbs_report.pdf
1. The Union’s funding should not support unethical investment practises. The Union should spearhead the change towards the university’s transition to ethical banking practises.
1. To investigate and if feasible change to a bank that has a sustainable and socially responsible approach to investments. E.g. Triodos. And to publicise this to the student membership
2. To promote ethical banking options to students.
3. To lobby the University to switch to an ethical bank.