etika asbl

Founded in 1996, the association aims to promote alternative financing for social and sustainable projects, as well as to provide food for thought for an ethical approach to money. This is done in particular through the alternative savings account, which was set up with Spuerkeess in 1997. It enables savers to support a variety of Luxembourg projects aimed at socially and ecologically sustainable development without financial risks and in absolute transparency at a slightly reduced interest rate. Your savings capital is converted exclusively into loans to real economy projects that must meet strict social and environmental criteria. Since the beginning of this cooperation, 305 alternative financings have been supported. Thanks to the solidarity of alternative savings account holders, savings have financed a wide variety of projects (e.g. wind and solar energy, social housing, electric buses, organic farms and restaurants), totalling a good 103 million euros. In this way, we are accompanying the transformation towards a more sustainable world. The goal is an economy that is no longer based on the burning of fossil fuels and the exploitation of unfair labour conditions. Furthermore, the association organises public events to raise awareness of ethical issues in the financial sector and engages in lobbying work with partners, among other things, for consistent climate protection.