Supports sustainable and ethical projects through cooperative banking.
GLS Bank is a German ethical bank founded in 1974 with a focus on cultural, social, and ecological initiatives. The bank operates on a cooperative structure and emphasizes transparency and sustainability in its operations. The bank's focus areas include renewable energies, education and culture, organic food and farming, housing, social matters and health, and sustainable economy. These sectors are financed through various products and services, including loans and investments, which are strictly evaluated based on social and ecological criteria. Recent projects and organizations financed by GLS Bank include the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), where GLS Bank invested EUR 20 million to support micro, small, and medium enterprises in Sub-Saharan Africa. The bank also finances projects in organic agriculture, nursing homes, and cultural projects, among others. The criteria for receiving funding include adherence to strict social and ecological standards, and the bank provides detailed information on its investment and financing principles. However, specific data on the typical project financing amount and available financial resources are not readily available in the provided sources.