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Nearly 48% of banking customers would cash out if they knew their bank was funding fossil fuels

Image: Shutterstock Almost half of banking customers would move their money if they found out their bank was financing fossil fuels. That’s one of the findings of new research by Deloitte, which suggests seven-in-ten customers are likely to choose banks with positive social and environmental impacts. Almost 61% of 1,250 UK banking customers who took part in the survey wish that their bank would do more to create a positive social and environmental impact. Three-fifths of the customers think their bank is strongly committed to sustainable and environmental causes, according to the research. However, almost 64% of the respondents would like their bank to allow them to mobilise a portion of its profits to a cause they support.

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