Principles of Ethical Finanace
- Ethically oriented finance is aware of non economic consequences of economic actions, and it evaluates them;
- Access to finance, in all its forms, is a human right;
- Efficiency and soberness are components of ethic responsibility;
- Profit produced by the ownership and exchange of money must come from activities oriented towards common well-being and shall have to be equally distributed among all subjects which contribute to its realisation;
- Maximum transparency of all operations is one of the main conditions of all financially ethic operations;
- The active involvement in the company's decision making process of shareholders and savers must be encouraged;
- Each organisation which accepts and adheres to the principles of ethic finance undertakes to inspire its entire activity to such principles.
Ethical Banking
The idea behind a Ethical Bank consists in creating a place where people, driven by the common desire of a more transparent and responsible management of financial resources may meet and realise this dream.
The aim is that of promoting initiatives inspired by values of sustainable development, both human and social, where the production of wealth and its distribution follow the principles of solidarity, civil liability and the realisation of common welfare.
Therefore the bank manages savings raised from private citizens, as singles or families, organisations, companies and institutions in general, and invests them in initiatives which pursue both social and economic objectives, operating in full respect of human dignity and the environment.
In such context an Ethical Bank sets out to educate both savers and borrowers by enhancing the former's awareness of their saving's destination and encouraging the latter to develop their management and entrepreneurial abilities. Banca Etica does not set out to reject the basic rules of finance, but, rather, it seeks to reform its main values.