Only those who understand sustainability as a core business and have a strict exclusion list are included in the table. At least coal, nuclear power and weapons, as well as investments in companies that violate labor and human rights, should exclude sustainable banks. Among the institutes are well-known ones such as the GLS Bank, the Environmental Bank and the Ethics Bank. Tomorrow, a young fintech, is new to the test.
Sustainable banks initially work like conventional ones. The money they collect is given out as a loan or invested in the capital market. Some shops exclude them. Most of the exclusion criteria are observed by Steyler Bank, Triodos Bank and Umweltbank. Some banks only grant loans to companies from particularly sustainable sectors. GLS and Triodos Bank report particularly transparently on their business.
The interest rates for overnight money are more in the middle with 0 to 1.1 percent. Only ProCredit offers 2.1 percent for new customers. You can also open a current account and invest in securities at most sustainable banks.
The test of sustainable banks can be found in the June issue of Finanztest magazine and at www.test.de/ethikbanken.
2023-05-20 05:07:30
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