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It has taken more than 100 years for someone to come up with a replacement to the piston engine for motor vehicles and it will take 20 years or more to complete the coversion (if ever). COBOL may be very old, as is Assembler, but it still works, Banks need certainty and any replacement has to be capable of delivery.

Someone needs to service remote towns and villages in the UK where a branch banking service is needed - contrary to popular belief cash is still widely used outside of major cities. Nationwide has chosen to be the organisation of choice and, as the world's largest mutual 'bank' it can afford to do so. It does not have shareholders demanding ever increasing profits. It is also noteworthy that it has one of the highest coustomer satisfaction ratings.

Europe has less than 10% of the world population (and the UK has less than 1% of the world population). Until China, India, the United States, Indonesia, Bangladesh & Pakistan (50% of the world population) agree to reduce their polution emmisions, Europe is urinating in the wind.

There is no mention of free-to-use ATMs at supermarkets. I have banked with Nationwide for 20 years and make my cash withdrawals at my local Sainsburys. For all of the comments about Nationwide having the largest branch network, they have closed my nearest branch and closed another one that was in a local shopping centre. The nearest Nationwide ATM is several miles from my home, but Sainsburys is less than a mile away.

Unfortunately a large amount of the manufacturing supply chain comes from China, who has no incentive to comply with ESG and, quite obviously, does not comply.

No it does not clarify. You still have not listed any companies that are achieving these goals. In addition, not all countries and companies follow ESG rules - one of the two largest countries in the world is building new coal fired power stations and is doing very little to comply with ESG rules. Most US companies pays lip service, but does not enforce practice. I repeat that the investment industry is starting to turn it's back on companies that enforce ESG because it is affecting their profitablity and long term growth.

Please show examples of companies that focus on long term sustainability show increase in earning, revenue growth and returns on investment. You cannot make statements like this without showing examples. From recent experience, I note that the investment industry is turning it's back on companies that practice ESG because they provide lower returns than those that do not.

Ketharaman - As someone who has run a headunting and consulting business in the IT field in finance for 35 years I can assure you that any recruitment business seeking to fill a senior role is expected to carry out due dilligence before putting the candidate forward, let alone after the event. I have to admit I have no knowledge of what happens if the organisation advertises and recruits direct but, again from experience, they usually outsource the responses to an ad to a recruitment company to whittle down the list to a manageable number (it is not unusual to get thousands of responses to an ad). As a result, I think that it is highly unlikely that the OCC did not get outside help, but in this latter case they would not check references.

If he was recruited via an agency, the name of the agency should be named and shamed and pursued for damages. If he applied directly through an advertisement, the Head of HR at the OCC should be fired. One or the other should have taken up references from his last two listed empoyers and also contacted his university. One also hopes that they have pusued him to pay back all monies paid to him.

As someone with numerous VADDs (Variable Amount Direct Debits) on their bank account to pay everything from credit cards, council tax, insuance policies, etc., I can see very little difference. VADDs have been in existence for more than 40 years and work well. They are not very difficult to set up.