Fiare Banca Etica 

Fiare Banca Etica is a cooperative bank operating in Italy and Spain that focuses on ethical finance and social impact. It was formed in 2014 through the merger of Italy's Banca Popolare Etica and Spain's Fiare project. The bank prioritizes financing projects in areas like social cooperation, environmental protection, culture, international development, and the social economy. It aims to use savings to generate positive social and environmental impacts rather than just financial returns. Fiare Banca Etica practices transparency by publishing details of all loans it provides. It follows cooperative principles, with members having equal voting rights regardless of their share size. The bank avoids financing harmful sectors like fossil fuels, weapons, and gambling. As of 2022, Fiare Banca Etica had over 100,000 members and total assets of around €2.5 billion. It provided €407 million in loans to organizations with positive impact in 2022. The bank evaluates loan applications based on both financial and social-environmental criteria. Recent recipients of financing include renewable energy projects, social cooperatives, fair trade organizations, and cultural initiatives. The bank aims to demonstrate that ethical, transparent banking focused on social good is financially viable.