FEBEA Annual Conference

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The Next Chapter of Ethical Finance

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30th SEP – 3rd OCT 2025

La NEF finances the first fully vegan restaurant awarded with a michelin star

Our member La Nef has contributed to the financing of the first fully vegan and organic restaurant awarded with a Michelin star in France: ONA.

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Summary

Our member La Nef has contributed to the financing of the first fully vegan and organic restaurant awarded with a Michelin star in France: ONA.

Challenges

“Initially, ONA was launched via a crowdfunding campaign and was supported by loans of honour and an ethical bank (La Nef) -explained the chef Claire Vallée to Le Monde – because traditional banks did not believe in the project.” As it often happens, conventional banks saw little potential in such a project – but thanks to crowdfunding and the support of La Nef, Ms. Vallée was able to set-up her restaurant and achieve international success within a few years. #EthicalFinance organisations often work with projects and organisations that cannot access the traditional banking system, as they are perceived as too small or too risky.

How did the ethical finance initiative help this?

On the contrary, Ethical Finance organisations which choose to finance only projects with social and/or environmental value perform better than conventional banks

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