FEBEA and Finansol sign an agreement to promote solidarity-based and ethical finance at european level

In September 2020, Finansol and FEBEA signed a collaboration agreement to jointly promote the interests and development of solidarity-based, social and ethical finance on a European scale. 

The agreement defines joint actions in terms of advocacy, communication and the common organization of events in order to promote knowledge sharing, develop common tools and strengthen links between the networks. FEBEA, Finansol and the European Microfinance Network jointly submitted a workshop for the European Social Economy Summit in May 2021, a first operational collaboration (subject to confirmation by the summit organizers).

Ethical and social finance brings together ethical and alternative financial companies that were created by citizens who sought to give another meaning to their money.

The term solidarity finance in France refers to the set of financial mechanisms connecting savers to companies and associations responsible for developing activities of high social and environmental utility particularly in three areas: access to employment for people who are far from it; sustainable access to decent housing for people in precarious situations; economic activities contributing to the protection of the environment.

Founded in Brussels in 2001, FEBEA is the European Federation of ethical and alternative banks and financiers. It brings together financial ins0tu0ons from 15 European countries with the aim of developing ethical and social finance in Europe. Together, these institutions work, each in their own countries, to disseminate ethical and solidarity financial models in the European economic and political space. FEBEA members work every day to make a concrete contribution to the creation of global solidarity. They act as an economic lever for a sustainable, inclusive and united Europe, and are the partners of citizens, entrepreneurs and civil society whose aspiration is change.

#ZoomFinanceSolidaire | Éd. 2020 📊🔎
Au 31/12/2019, ce sont plus de 3,6 millions de produits d’épargne solidaire qui ont été souscrits par des particuliers et des investisseurs institutionnels 👉 https://t.co/VvM8CnvhYg #FinanceSolidaire #EpargneSolidaire #ESS #Finance pic.twitter.com/H9tFKBYiaJ

— Finansol (@Label_Finansol) September 25, 2020

Finansol represents all the players in solidarity finance. It is a non-profit association under the 1901 law. Its corporate purpose is to promote and develop solidarity in finance and savings. The association brings together all the actors of solidarity finance in France. From operators, managers or distributors of investments or deposits, to legal persons carrying out an activity of social and / or environmental utility, natural and legal persons supporting the goals of the association through their action. Its mission is to promote and enhance the principle of solidarity in savings and finance; to develop the collection of solidarity savings and the use of solidarity investments; and to guarantee solidarity savings investments using the Finansol label.