26 February 2026 
Joni Rhodes, Projects and Development Manager
The Co‑operative Bank, Coventry Building Society, Handelsbanken, Leeds Building Society, Skipton Building Society, Unity Trust Bank and Yorkshire Building Society have been confirmed as suitable to hold deposits because they do not finance activities that contribute to fossil fuel growth.
This collective initiative, instigated and co-ordinated by the University of Cambridge alongside
collaborators at 82 fellow UK Higher Education Providers (HEPs), enables HEPs to align their treasury practices with the International Energy Agency’s Net Zero Emissions scenario by directing funds only to institutions whose lending policies avoid supporting new fossil fuel projects. With seven deposit-taking institutions on board, it opens the way for billions in funding to be allocated in accordance with net zero policies and aims.
For more information visit the Banking Engagement Forum webpages, or contact the team directly.
