Business & Politics

NewB: a bank to inspire others

NewB is a “new bank” based in Belgium that managed to collect €35 million in 6 weeks, in order to be granted a banking license by the European Central Bank. NewB wants to change the way finance is done and perceived by working to build an ethical and sustainable bank caring for human rights and mother earth.

The European Investment Bank’s decision to divest from fossil fuels

The European Investment Bank (EIB) recently announced that it would be phasing out investment in fossil fuel companies by 2021. The EIB is the biggest public lender globally and the move was celebrated by those within the banking industry and the environmental movement. It sends a clear message that markets are moving away from fossil fuels and towards renewable energies.