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The aim is above all to promote social inclusion

Posted: Thu Jan 23, 2025 9:00 am
by nusaibatara
Thus, the money obtained through the account opening fees of customers of an ethical online bank will be used for positive initiatives. Note that there is not yet a real legal definition concerning green finance banks . The latter simply voluntarily choose to register their financial activities which deviate from the objectives generally pursued by traditional banking establishments. The purpose of online ethical banking is therefore not to receive deposits to be used in operations. financial standards, aimed at generating more profits. Green neobank moves away from polluting projects Ethical banking in France chooses to act for the common good as well as for the general interest.



To do this, its main banking activity hong kong phone number list consists first of all in collecting funds, which will be reallocated in the form of credits for cultural, social and environmental projects. and develop the social economy and social entrepreneurship. This is why this type of institution is also called "solidarity and fair trade banks". Generally popular profitable projects such as the energy, mining and industrial sectors have no place in green finance. Ethical online banks engage with energy suppliers Ethical banks have investment policies that reflect their ethical and social values, which may include environmental and social criteria.



Some ethical banks may therefore choose to invest in energy suppliers that have a positive environmental impact or that meet social and ethical standards. Ethical banks choose to invest in energy suppliers that have responsible environmental and social practices because they may consider that this can contribute to positive change in the energy industry. For example, Wekiwi is an energy supplier in France that presents itself as "the supplier of green electricity at competitive prices". They offer green electricity offers at attractive prices for consumers. According to their website, Wekiwi's green electricity comes from renewable sources such as solar, wind, hydro and biomass.