Building purpose-driven banking

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Wed, 24 Mar
12:30pm – 14:00pm

Join us for the next Lab community event to learn about purpose-driven banking in the UK and explore how we can grow it.

The Lab’s recent discussion paper, written by Dr Gemma Bone Dodds, provided an overview of the purpose-driven banking ecosystem in the UK. It defined purpose-driven banking as those institutions driven by a social or environmental mission, that have their mission embedded into their ownership, governance, and culture and leadership. The paper identified five different types of institutions offering banking services in the UK that meet this definition: credit unions, community development financial institutions (CDFIs), building societies, ethical banks and mutual banks (which are not yet trading).

This event will showcase the budding ecosystem of purpose-driven banking institutions, explore strategic questions that could spark the sector’s growth, and identify ways that you can support the sector, which will be vital to a just recovery after COVID-19.

The event will consist of a series of short presentations from leaders in purpose-driven banking, including Andrew Gall (The Building Societies Association), Bridget Meehan (NI Mutual), Ed Grattan (Triodos) and more TBC. We will then move into discussion groups, exploring questions including: How can we activate regulators and policy-makers to support purpose-driven banking?  How can purpose-driven banking attract and foster diverse, dynamic talent and leadership? How can we fund the growth of purpose-driven banking? The event will be interactive and participatory, with plenty of opportunity for you to share your input and ideas and connect with other community members too.

This event is invitation only. To request an invitation to this event, please email naomi@financeinnovationlab.org.

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