FEBEA is launching a Working Group on Youth to address generational renewal and boost young participation in ethical finance. Inspired by successful examples this group will bring together FEBEA members under 35—professionals, shareholders, or informal members—for exchange, learning, and advocacy. All FEBEA members are welcome to join or support this initiative, which will organize regular meetings and activities aligned with the network’s priorities.
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FEBEA members, like many other Social Economy organizations, have often expressed concerns about the challenge of generational renewal among their shareholders, and the related need to involve young people in their activities. Many members, including Crédal, Cooperative Bank of Karditsa, and Hefboom, have shown interest in how to engage with and mobilize youth. They have looked to Jóvenes por Fiare (JxF) —an organized youth group from the FEBEA member Fiare Banca Ética in Spain— as a successful example within the network.
Jóvenes por Fiare, an organized group of Fiare Banca Etica, has successfully mobilized approximately 60 young participants, towards ethical finance. This group has not only attracted younger clients and shareholders to the bank but also actively advocates for ethical finance among other youth groups in Spain.
The bank in Spain has managed to identify a gap and invest in the necessary resources to engage young people. By attracting young members as both clients and cooperators, the bank encourages them to act as multipliers of its mission and promote ethical finance among their peers in their regions. This approach also helps diversify the age profile of the bank’s membership.
FEBEA aims to inspire and guide other members facing similar challenges by sharing the successes and strategies of JxF, involving their workers and shareholders in an active group at European level and inspire local youth groups around Ethical Finance. The secretariat would like to launch an initiative: a space for participation, exchange, mutual learning, and mobilization as a starting point.
FEBEA is launching a new initiative aimed at addressing the generational renewal challenge within FEBEA. Our objective is to:
In order to pursue the stated objectives, FEBEA’s secretariat will:
The group will have one kick-off meeting after its composition is finalized. There will be at least one in-person encounter held in the context of the FEBEA Annual Conference each year, with additional opportunities for meetings as needed. Members of the working group will attend at least two events—either in person or online—involving other social economy or alternative finance groups with young participants, focusing on related topics to strengthen outreach and build alliances. Additionally, the group will hold at least three online meetings to coordinate ongoing topics and priorities.
If you are interested in knowing more or participating, please send an email to maria.elejalde@febea.org and let us know who from your organization will be taking part. If your organization is interested in participating but uncertain about how to proceed, please do not hesitate to contact us; we will be glad to support you throughout this process.
We encourage all FEBEA members to join this exciting initiative and help shape the future of ethical finance in Europe!