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| UPDATED: 09:05, Sat, Jan 30, 2021
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According to an online survey of 1,000 customers from each bank, four fifths (80 percent) of customers are unaware that their bank is investing in fossil fuels. The research was carried out by ICM Unlimited on behalf of Market Forces, an organisation campaigning to stop banks from damaging the environment.
Almost four-fifths of Barclays and HSBC customers are unaware that their bank is investing in fossil fuels.
A new survey carried out by ICM Unlimited on behalf of the environmental campaign group Market Forces, estimates the equivalent of three million customers would very likely consider leaving Barclays and HSBC for more ethical alternatives
According to the survey of 1,002 HSBC customers and 1,000 Barclays customers, almost 11% of Barclays customers and 14% of HSBC customers said they would be very likely to consider changing banks when presented data about the environmental impact of their bank.
According to the Banking on Climate Change report of 2020, Barclays and HSBC have financed around £88.5 billion and £65 billion in fossil fuels since the Paris Agreement was signed in 2015.