UK: future of ethical finance

Triodos Bank – which only finances enterprises that create social, environmental or cultural added value – has released a new report that challenges UK consumers, government and financial institutions to take a fresh approach to ethical investment. Speaking about the report – entitled The Future of Finance – James Vaccaro, Head of Investment Banking at Triodos said: ?How we spend and save is more important than how we vote as far as its ability to effect change. It?s a form of active, daily democracy that we could all be more aware of. But for this to happen, people must want to understand the impacts of their financial decisions. ?We?re challenging banks to make a commitment to sustainability a core part of their business, no just a gesture of corporate responsibility. It calls for transparent business models and clearer reporting, a greater understanding of stakeholders? values and public consultation on financial issues.? The report coincides with the launch of Triodos Bank?s investment banking team, and the UK launch of the Triodos Innovation Fund. The £25 million venture capital fund is already active in Europe, but now opens its doors for UK business. See www.triodos.co.uk