This article describes how ethical financiers across Europe responded to the Covid-19 crisis applying the same values as they do to their financial activity.
Share this post:
This articledetails how ethical finance institutions across Europe mobilized to support communities and social economy organizations during the COVID-19 pandemic. FEBEA members implemented numerous initiatives aiming to alleviate economic and social impacts on vulnerable groups, families, businesses, and social enterprises. Their actions included offering moratoriums on loans, creating new liquidity facilities, supporting fundraising for healthcare and community needs, developing digital services during lockdowns, and preparing for post-crisis economic recovery. The document highlights specific measures taken by various ethical banks and financiers in multiple countries, demonstrating a coordinated effort blending social responsibility and financial support to foster solidarity, inclusion, and resilience in the face of the crisis. It underscores ethical finance’s pivotal role in sustaining social economy actors and vulnerable populations while promoting a values-driven financial system in challenging times.
As the ESF+ appears to be questioned in the new Commission’s plans, Social Economy organizations unite to call for stronger support.
A position paper co-authored by FEBEA and the Sustainable Banking Coalition on the Omnibus Proposal.
Ethical financiers are taking action to address the housing crisis by supporting and promoting various models of social housing.
Watch the webinar of the discussion around Social Housing and Ethical Finance here.