Skip to main content

Charity Bank Ltd

Charity Bank says it is motivated by a desire to support charities and social enterprises. Does it live up to its ethical name and claims?

We’ve summarised the key ethical issues to consider when it comes to Charity Bank.

How ethical is Charity Bank?

Our research highlights Charity Bank’s approach to a range of ethical issues, including finances, lending transparency, carbon management, and the environment.

Below we outline some of these issues. To see the full detailed stories, and Charity Bank's overall ethical rating, please sign in or subscribe.


Charity Bank is a Best Buy brand in our guides to Ethical Savings Accounts and Ethical Cash ISAs.

It is at the smaller end of banking institutions with an annual turnover of around £8m. It scored highly across the board for our ethical ratings, coming top of the pile. It provides loans across the social and charity sector, for projects including education, the environment, health and social care, sports, voluntary and community regeneration.

On its website it says, “Your money will be used to support charities and social enterprises, whilst earning you a return”. Since 2002, when it was launched in Downing Street by Gordon Brown, Charity Bank has given over 1,100 loans equalling £400m to social purpose organisations.

Due to this social mission, and the fact that it’s a certified B Corporation, it received a positive Company Ethos mark on our ratings system.

In its Corporate Social Responsibility report, it outlined its lending policies which included not engaging with businesses involved with arms manufacturing, illegal drugs, gambling, tobacco, or terrorism among others.

Surprisingly for a bank, it didn’t get marked down for excessive director’s remuneration as it didn’t appear to pay any executives £250,000 or above per year. It also stated “Unusually for a bank, but in keeping with its former charitable status, Charity Bank's non-executive members of the board are unpaid."


Charity Bank received Ethical Consumer’s best rating for Carbon Management and Reporting. It states, “We lend across the charity and social sector; this includes renewable energy projects and hydro energy projects. We do not finance fossil fuel projects and companies.”

As a small company, it also received a best rating for Environmental Reporting, because it has a good understanding of its main areas of environmental impacts.

Subscribe to see the full detailed stories about Charity Bank.

charity bank a bank for good ethical consumer
  • Ethical Consumer Best Buy: Yes
  • Boycotts: No

Company information

Company Ethiscore

Company Address:

The Charity Bank Limited,
Fosse House,
182 High StreetTonbridgeTN9 1BEUK

Contact Charity Bank

Email or tweet Charity Bank to let them know what you think of their ethics.

Associated brands

  • Charity Bank

Ownership structure

Ethical stories

Pre 2024 ratings