Bask Bank

Bask Bank is a financial institution that offers high-yield savings products including certificates of deposit (CDs) designed to help customers maximize returns on their deposits.

CCI Score

-32.25

0.02% April 18

Latest Event

Failure to Implement UN Human Rights Principles

A BankTrack benchmark report reveals that many large banks, including Bask Bank, have not implemented the UN human rights principles effectively. This highlights systemic issues in upholding labor and human rights responsibilities, suggesting a broader pattern of neglect within the banking sector.

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TOADIE

Bask Bank is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

NOV

27

2024

Failure to Implement UN Human Rights Principles
-38.47

A BankTrack benchmark report reveals that many large banks, including Bask Bank, have not implemented the UN human rights principles effectively. This highlights systemic issues in upholding labor and human rights responsibilities, suggesting a broader pattern of neglect within the banking sector.
-40

Labor Relations and Human Rights Practices

March 24

The BankTrack Global Human Rights Benchmark report underscores that large banks are failing to adhere to UN human rights principles, which reflects poorly on their labor and human rights practices. As a bank, Bask Bank is implicated in this systemic deficiency, raising concerns about its commitment to ethical business practices and the safeguarding of human rights.

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds
DEC

14

2021

Bask Bank: Lapses in Transparency on Human Rights Impact
-28.62

A BankTrack analysis dated 14 December 2021 criticized banks for failing to transparently address severe human rights impacts linked to their financing activities. Although Bask Bank is not mentioned by name, the report highlights systemic issues within the banking sector that raise concerns about the adequacy of measures taken to address human rights abuses.
-40

Labor Relations and Human Rights Practices

March 24

The BankTrack report reveals that nearly half of banks fail to engage substantively with human rights concerns raised by affected communities, resulting in opaque and inadequate responses. This lack of transparency and concrete action in addressing human rights abuses is problematic from an ethical responsibility standpoint and suggests potential complicity in broader systemic failures to protect vulnerable populations. Although Bask Bank is not specifically mentioned, as part of the banking sector it is implicated by association if similar practices are followed.

New BankTrack analysis finds banks fail to transparently address human rights impacts
OCT

23

2020

Bask Bank's Political Contributions Raise Concerns
-31.92

An analysis of political contributions by commercial banks during the 2020 election cycle raises concerns that Bask Bank, as part of the commercial banking sector, may be supporting political entities with authoritarian leanings. Although the article does not detail Bask Bank’s specific contributions, its inclusion in the industry data prompts a critical look at its potential complicity in bolstering undemocratic power structures.
-50

Political Contributions and Lobbying Efforts

March 24

Statistical data from Statista, drawing on information from opensecrets.org, shows significant contributions by commercial banks to U.S. political parties during the 2020 election cycle. Such financial support can indirectly empower political actors who may align with authoritarian policies. Although Bask Bank is not specifically singled out in the dataset, its participation in the commercial banking sector suggests it could be implicated in these practices, warranting a negative rating.

Contributions by Commercial Banks to U.S. Political Parties Election Cycle 2020
JUL

01

2017

BankTrack Report Raises Ethical Concerns Over Bank Financing Practices
-30.00

A BankTrack briefing paper examines whether banks have contributed to human rights violations through their financing of controversial projects. While Bask Bank is not directly named among the implicated institutions, the report highlights systemic issues in banking ethics that call into question the broader responsibilities of financial institutions in upholding human rights.