What are ethical banks? An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The term is a fairly broad one, which means it covers a wide range of ideas and concepts under its umbrella.
A wide scope of things is included, ranging from banks offering loans and financial assistance to start-ups that are environmentally friendly to those that serve struggling communities or help individuals looking for affordable housing.
The root of ethical banking is a core set of principles and beliefs. Ethical banks remain true to their core model of conduct.
In this video of The GSC Academy Associate Solicitor Leila Mustafa talks about the definition of Ethical Banking, how it can save you money and make you feel good about the impact of your personal finance.
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