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Through the activities of its members and its own initiatives, FEBEA defends a committed, rigorous and ambitious vision of social and ethical finance.
OUR MISSION
Ethical financiers mindfully choose where to place money, always selecting initiatives with transformative social and sustainable perspectives. They are committed to not financing harmful sectors, such as fossil fuels, and avoid seeking short-term profits from their financial actions. Instead, they prioritize long-term positive impacts on the common good.
FEBEA fosters the exchange of information, experiences, and cooperation between its members and other social economy and alternative finance practitioners in Europe.
FEBEA represents its members before the EU institutions and conducts guarantee and financial instruments created by the EU to Ethical Financiers.
We support our members with capacity building, technical assistance, and training services. FEBEA also assists its members in the creation of projects and financial instruments.
OUR CHARTER
The FEBEA Charter, endorsed by all its members, offers 25 positive and concrete criteria gathered around 5 pillars, to define the characteristics and core values of an Ethical Bank. This constitutes the common reference point for all our members.
Ethical Finance reallocates its credit and other funds it collects to cultural, social and environmental projects. It promotes social inclusion, sustainable development, the Social Economy and Social Entrepreneurship.
Ethical finance collects its funds from citizens and rejects money from activities that it does not support. These include the arms industry, polluting industries or industries that damage civil society, money from illegal activities or from organised crime.
Ethical finance seeks to achieve a social, environmental and economic added value, all at the same time. That’s why it supports social economy activities, social entrepreneurship and the most vulnerable parts of the population, by promoting social inclusion and employment.
Ethical banks condemn speculation through short-term financial transactions or investment in activities or countries that do not share their vision. They commit to channelling their entrusted funds into credit for financing the real economy.
Ethical bank profits are mainly reinvested in the promotion of the bank’s social objectives and capital remuneration may be limited. Transparency, collaborative management, strong territorial integration, ethical management of salaries and autonomy are basic principles of ethical finance.
We monitor EU legislative developments and initiatives and advise them in the application procedures and in their relations with relevant institutions.
WHAT WE DO
Ethical financiers across Europe gathered over two decades ago to create FEBEA, which supports a set of social financial tools managed by its members to promote the emergence of new alternative finance initiatives.
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