In the context of the 8th Convention on Co-operative banking A new deal for more solidarity, the European Association of Co-operative Banks (EACB) just released their latest survey publication on “Co-operative Banks engagement to sustainable finance”.
The aim of this research is to show cooperative banks’ commitment to deliver the sustainable transition and their engagement to support local economy facing the challenges related to climate change. Based on several member examples it is shown that cooperative banks invest in sustainability policies and projects that are good for the social and environmental sphere, as the societal well-being of their communities and territories is part of their mission. Cooperative banks are putting in place policies and strategies to help reduce greenhouse gasses emissions produced directly and indirectly, favouring also investments able to support the transition to new energy sources and reduce the carbon footprint of buildings at the level of constructions and operations.
This publication is based on a survey amongst EACB-members and provides an overview of commitments of the cooperative banks in the field of sustainability and climate, and their activities in this area. It illustrates approaches and shows the involvement of cooperative banks in different countries.
The full study can be downloaded here.