Facing Finance
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Facing Finance e.V.
editAbout Us
editFacing Finance e.V. is a non-profit organization based in Berlin, founded in 2013. The organization advocates for a socially and ecologically responsible management of financial resources.
Mission and Values
editThe main goal of Facing Finance e.V. is to ensure that banks and investors no longer provide money and capital to companies that benefit from human rights violations, environmental destruction, corruption, or the production of illegal weapons. The organization calls on investors, financial service providers, and bank and insurance customers to consider ethical criteria in their investment and financing decisions[2][4].
Key Products and Services
edit- Dirty Profits Report: Annually, Facing Finance e.V. publishes the Dirty Profits Report, which investigates human rights violations, corruption, and environmental destruction in globally operating companies and reveals the financial relationships of these companies with primarily German banks[1].
- Faire-Fonds.info: The portal allows for the comparison of funds from major providers such as Allianz, Deka, DWS, and Union Investment regarding their investments in arms or oil companies. This project was developed in cooperation with the Consumer Center North Rhine-Westphalia and supported by the Foundation for Environment and Development as well as Bread for the World[1].
- Fair Finance Guide International: Facing Finance e.V. is part of this international initiative that analyzes and evaluates the guidelines of banks based on ethical criteria. The banks are assessed against 280 criteria and ranked accordingly[1].
Sustainability Goals and Initiatives
editFacing Finance e.V. is active in numerous global civil society initiatives, including:
- Finanzwende: An initiative advocating for a sustainable financial economy.
- CorA Network for Corporate Responsibility: A network that promotes corporate responsibility.
- European Responsible Investment Network (ERIN): A network that promotes responsible investments.
- Fair Finance International: An international initiative for fair finance.
- Break Free From Plastic: An initiative that fights against plastic pollution.
- Campaign to Stop Killerrobots: A campaign advocating for a ban on autonomous weapon systems[2].
The organization has its roots in the Campaign to Ban Landmines and the Cluster Munition Coalition, which have successfully advocated for international treaties against landmines and cluster munitions. Facing Finance e.V. is also a member of the International Campaign to Abolish Nuclear Weapons (ICAN), which received the Nobel Peace Prize in 2017[2].
Funding and Independence
editThe main sources of funding for Facing Finance e.V. are private, non-profit foundations, public funds for the projects carried out, and private individual donations. The organization is independent of companies, banks, other financial institutions, political parties, and religious organizations[2].