Cooperative banks are also among the market leaders for Socially Responsible Investment, such as SRI-funds, SRI savings accounts and more. Green finance is increasingly gaining importance, as a variety of investment solutions allow the customers of cooperative banks to make a difference and to contribute to the preservation of the environment.
Based on their philosophy of fostering economic initiative of individuals and of an inclusive society, cooperative banks are also participating in various schemes, such as microfinance, to support the social reintegration of e.g. long-time unemployed. Similarly, cooperative banking networks have a long tradition of development work in developing countries, where they supply knowledge and funds to help setting up cooperative banking infrastructures, which are key to local sustainable development and to fostering civil society structures.
Finally, cooperative banks participate in the life and the development of their local communities through cultural sponsorship initiatives, responsible citizenship and foundation work.
Corporate Social Responsibility (CSR): The Performance of Cooperative Banks
La Responsabilité sociale des Entreprises:les activités des banques coopératives