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Oer feup–ethical banking-english

FEUP-ethical-banking

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Oer feup–ethical banking-english

  1. 1. OPEN EDUCATIONAL RESOURCE III ETHICAL BANKING
  2. 2. Ethical Banking  Origin  Concept and characteristics  Advantages and disadvantages  Differences between traditional banking and ethical banking
  3. 3. Origin (EE.UU.)  XIX c.  not invest in projects related to slavery and alcohol  in the ‘60s  opposition to apartheid and the Vietnam War  1971  Pax World Fund
  4. 4. Origin (Europe)  1968  Triodos Foundation coherence between ethical- moral values and investment  Italy, in the ‘70s  MAG (Mutue per l’Autogestione)
  5. 5. Ethical Banking CONCEPT  banking entities  real economy (no speculation)  positive social impact
  6. 6. Ethical Banking CHARACTERISTICS  Ethics is the basis finance committee & ethics committee  Combat the economic exclusion of the poorest
  7. 7. Ethical Banking CHARACTERISTICS  Transparency customer is always informed  Real economy no speculation no secondary markets
  8. 8. Ethical Banking CHARACTERISTICS  Social profit activities that produce something positive to society  A more sustainable world
  9. 9. Ethical Banking Advantages & Disadvantages  Coherence  Social and sustainable commitment  Less competitive products on the market
  10. 10. Differences between traditional banking and ethical banking ETHICAL BANKING TRADITIONAL BANKING Objective: social and economic performance Objective: economic yield Main guideline: ideological (counting with the stakeholders ideas) Main guideline: maximise profit
  11. 11. Differences between traditional banking and ethical banking ETHICAL BANKING TRADITIONAL BANKING It offers few products (current accounts mainly) Product variety Assets placement based on: added social value Assets placement based on: economic guideline (high profitability)
  12. 12. Differences between traditional banking and ethical banking ETHICAL BANKING TRADITIONAL BANKING High transparency: It allow to assess if the ethical objectives are being achieved Banking privacy: customers don't know where the bank is investing Sustainable investment (long-term profits) Investments based on profit, even short-term
  13. 13. Differences between traditional banking and ethical banking ETHICAL BANKING TRADITIONAL BANKING Integration: needy groups can access to financial system Limited access (lack of guarantees) Alternative mechanisms for participation: connection between bank management and customers Only managers make decisions.
  14. 14. Differences between traditional banking and ethical banking ETHICAL BANKING TRADITIONAL BANKING Alternative systems for guarantees: project's viability and confidence Credits are conceded only with bank guarantees Customers can decide where to invest money Customers can not choose

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