For business students, the question of how to be sustainable while creating a business is not always easy to answer. This is why we wanted to present the firm helios for you to start thinking about how we can rethink the current banking systems!

Helios is a French firm with a goal to be « a banking alternative for a sustainable future ». 

How do they proceed? When you place your money in your typical bank account, it is used to finance projects. These projects don’t often consider ecological and social criteria. Therefore,  your money is funding companies that are ecologically damaging.

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Helios: An eco-conscious banking alternative

Written by: Flore Crétel

 

For business students, the question of how to be sustainable while creating a business is not always easy to answer. This is why we wanted to present the firm helios for you to start thinking about how we can rethink the current banking systems!

Helios is a French firm with a goal to be « a banking alternative for a sustainable future ». 

How do they proceed? When you place your money in your typical bank account, it is used to finance projects. These projects don’t often consider ecological and social criteria. Therefore,  your money is funding companies that are ecologically damaging.

The large French banks emitted 4.5 times more greenhouse gases than all of France in 2018 through their sole financing activity.

Helios is making a change; their goal is to be selective on what projects they will finance with your money. They are conscious that their financing creates greenhouse gas emissions so to compensate for these emissions, they implemented a compensation carbon tax but with no additional cost for its customers. In order to do that they follow the reports of a French public agency (ADEME) working on the subject to have a real impact.
 
Banks are shaping the world of tomorrow, let’s hold them accountable. 
 

Curious? For more information, check out their website!