Equitable Bank Standards

A roadmap for better banks

The Equitable Bank Standards are a collaborative and shared resource that provide a measurable pathway for all banks to achieve social and environmental impact.

A clear vision

Are you an advocate for social impact banking?  Do you support an economy where profits do not come at the expense of people and planet? So should your bank.  

We believe in a future where banks revitalize and nourish our communities—not extract from them. Let’s create this future together.

Equitable Bank Standards

There are five key areas to measure social and environmental performance across a bank.
Icon
Governance
description
The governance standards compel banks to establish ownership structures, business models, goals, strategies, decision-making bodies, and protocols that are in service of maximizing positive impact and minimizing the negative impact for people and the planet. They also encourage banks to ensure all stakeholders have a voice, and that accountability measures are established to ensure that the bank’s results and methods of achieving them are aligned and publicly communicated.

Why this matters: Corporations primarily seeking profits for shareholders have exacerbated inequality, accelerated environmental degradation, and excluded critical stakeholders, like bank customers and community members.
standard
This standard example will be available soon.
Icon
Lending and investments
description
The lending and investment standards urge banks to deliver value to society by using the power of finance to provide sustainable positive economic, social, and environmental outcomes while striving to avoid negative outcomes.

Why this matters: Banks have outsized power over societal outcomes in part by deciding which individuals, businesses, and nonprofits get loans to operate and expand. Banks evaluate borrowers for creditworthiness and other factors but generally have not evaluated whether loans will help or harm people, communities, and the environment.
standard
This standard example will be available soon.
Icon
Products and services
description
The products and services standards urge banks to deliver affordable services in an equitable, inclusive, and environmentally sound manner.

Why this matters: Mainstream bank products and services have not adequately or equitably met the needs of low income, low wealth, and historically marginalized communities and often have shortcomings in pricing, structure, or delivery methods that result in negative outcomes for people and communities.
standard
This standard example will be available soon.
Icon
Operational practices
description
The operational practices standards compel banks to authentically integrate values of worker dignity and engagement, diversity, equity, inclusion, and environmental stewardship into their internal functions such as facilities and equipment, procurement, and communications.

Why this matters: Many corporations, including banks, have not yet created a working environment free of negative environmental impacts and where all employees can thrive, have a sense of belonging, and reach their full potential.
standard
This standard example will be available soon.
Icon
Corporate citizenship
description
The corporate citizenship standards urge banks to advocate for regulations and support campaigns that protect the planet and advance equity in communities that have been historically marginalized.

Why this matters: Many corporations, including banks, have lobbied for greater deregulation resulting in disparate harm to low-income, low wealth, and historically marginalized communities.
standard
This standard example will be available soon.

How can I use these standards?

Bankers

Use the Equitable Bank Standards to become an ESG banking leader: 

  • Evaluate your current ESG and CSR practices and set objectives for continuous improvement  
  • Inspire your colleagues, board, and leadership team to integrate social impact metrics into your business planning process 
  • Showcase your social impact progress to gain market share with the growing segment of conscious customers 

Policymakers and regulators

Use the Equitable Bank Standards to shape fair and inclusive financial regulations and policy: 

  • Identify minimum performance standards banks must meet to be deemed safe and fair 
  • Build a proactive regulatory and policy agenda centered on equity in banking 
  • Incentivize banks to meet the highest standards and penalize banks that fall short of the minimum thresholds 

Advocates

Use the Equitable Bank Standards to determine how banking impacts your mission and goals: 

  • Learn how banks can help or harm your fight for economic, social, and environmental justice 
  • Assess banks based on how they are supporting your goals for progress on social and environmental justice work 
  • Shape your advocacy agenda and demands for banks, regulators, and policymakers 

Bank customers and changemakers

Use the Equitable Bank Standards to assess how banks use your money: 

  • Learn how banks use your money to support or work against your values 
  • Find a socially responsible purposedriven bank, using these standards as your guide  
  • Communicate to your bank how they can change to better align with what you care about 

Developed in community

Developed in partnership with social impact bankers, finance experts, economic justice advocates, and academic researchers, the Equitable Bank Standards are a work in—and for—progress.

Complete the form to contact us