Mox Bank
This brand is rated based on Standard Chartered
Your bank is failing on climate responsibility.
Mox Bank is owned by Standard Chartered and consequently shares the same rating as Standard Chartered. This is because Standard Chartered can freely use and manage Mox Bank's cash as if it were its own.
Last reviewed:
Standard Chartered has been financing fossil fuel expansion (development of new fossil fuel infrastructure) every year since the Paris Agreement was signed, $32 billion over the 2016-2023 period. Anything else it says about its climate responsibility is a red herring.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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