Founded in Brussels in 2001, FEBEA is the European Federation of Ethical and Alternative Banks and Financiers.
An international non-profit organisation that brings together 32 financial institutions from 17 European countries with the aim of developing ethical and social finance in Europe.
DISCOVER
Ethical Finance empowers people to control how their money is used, supporting local communities, the social economy, and sustainable development. Originating from citizens-led movements 30 years ago, Ethical Finance aims at using savings and investments for the common good.
Ethical financiers mindfully choose where to place their money, always selecting initiatives with transformative social and sustainable perspectives. They commit to excluding harmful sectors, such as fossil fuels, from their portfolios and they avoid seeking short-term profits in their financial behaviour. Instead, they prioritise long-term positive impacts for the common good.
Ethical financiers maintain transparency throughout the entire process, from the collection of the funds to their use. They openly publish and demonstrate how and for what purposes shareholders’ money is used.
Ethical financiers have collaborative and participatory governance structures. Some operate as cooperatives, where each shareholder’s vote has equal value, regardless of the number of shares owned. Others implement participatory systems that involve their social base, customers, or members in the organisation’s management.
How organised civil society can change the world
All FEBEA members are committed to avoiding financing any kind of harmful sectors such as the weapon industry, fossil fuels or tobacco industry. Instead, they are focused on financing the real economy, which positively impacts the sustainable development of local communities.
“Ethical Finance’s culture views the construction of social justice as the ultimate aim of all our financial undertakings. This is what we do, it is in our nature; we cannot and do not want to do anything else.”
Pedro Sasia
FEBEA President
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