Chemistry Blog

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Jun 27

Is the Coop bank fishing for an anti-science cause?

by Mark | Categories: opinion, science policy | (126014 Views)

The Cooperative bank has had its troubles of late, mismanagement, scandal ridden executives and massive debts have seen an the organisation that prided itself on its ethical policy forced to reevaluate its self image.

At the moment it takes a stance, both through its investments and the customers its accepts, that supports communities, tackles povety, encourages responsible financing and protects the environment. One way that the Coop’s reevaluation has manifested is via a poll (aimed largely at its customers, but open to anyone) asking how the ethics of the bank should be manifested. Most of the questions seemed perfectly reasonable, asking participants to rank various activites, such as customer service, responsible lend etc. But when it came to the questions on environmental protections, they highlight chemistry, nanontechnology, GM foods and fracking as particular worthy of a mention.

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Why these subjects in particular and why present them in such a leading fashion? It strikes me as a list of subjects that have been the most contriversial with respect to the environment in the last few years (or decades).

Personally I’m not quite sure what to make of it. Are they fishing for a particular area that they can easily fight? Afterall campaigning against GM or pandering to chemophobia is fairly easy to do without committing to anything in particular. However, making the bank carbon neutral actually requires some action. Or maybe its just a sloppy poll, but either way the bank needs to try a bit harder to come up with a meaningful and evidence based environmental policy.

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