Provides ethical financing for social and environmental projects.
Fiare Banca Etica is a cooperative bank that operates in Spain and Italy, focusing on ethical and social finance. It is part of the European Federation of Ethical and Alternative Banks and Financiers (FEBEA), which brings together financial institutions committed to developing ethical and social finance in Europe. The bank's focus areas include financing solidarity economy projects and promoting a culture of financial intermediation based on transparency, participation, democracy, and access to credit. Fiare Banca Etica publishes all loans granted to organizations and social enterprises on its website, indicating the names of the bodies that receive funding, the amount, and type of financing, ensuring transparency in its operations. Fiare Banca Etica has over 44,000 members and operates with a participatory governance structure, where each member has an equal vote regardless of the number of shares owned. The bank supports projects that contribute to social and environmental betterment, excluding harmful sectors such as fossil fuels and the weapon industry from its financing portfolio. Recent projects and specific financing details are not readily available in the provided sources.