Why most of us are reluctant to switch banks, even though it could cut our environmental impact

By Marcel Lukas, Senior Lecturer in Banking and Finance and Vice-Dean Executive Education, University of St Andrews

Beyond cutting back on meat or making the jump to an electric vehicle, another way consumers can reduce their environmental impact is to switch to a green bank. It’s a lifestyle change that could deliver powerful effects – removing money from the fossil fuels pipeline – for little effort or inconvenience.

Yet it has been claimed that people in the UK are more likely to get divorced than switch banks – despite there being services that make changing your current…

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