The Board of Directors of the Community Foundation has decided to strengthen the collaboration with Banca Etica by becoming a member of the same.
A collaboration has been active with Banca Etica since 2019 when it decided to share the founding process of the Community Foundation, becoming one of the 10 founding members.
On 27 July 2022, Consob authorized the publication of the new prospectus relating to the public offer of Banca Etica asset, at the unit price of € 61.00 (€ 52.50 par value plus € 8.50 premium).
To encourage wider membership, the prospectus provides for a so-called bonus share rewarding mechanism – that is, the free allocation of one ordinary share for every n. 20 ordinary shares subscribed by the investor (or multiples of 20).
“Pandemics, wars, climate change, inequalities are challenges that are putting our society to the test but are also stimulating people and organizations towards new forms of active citizenship and responsible consumption. We are witnessing an extraordinary growth in awareness of the role that finance plays in changing economic models and in creating a healthier, cleaner and more inclusive economy. Being a member is the most complete way to participate in Banca Etica, because the social asset is a measure of our solidity, independence and ability to give credit to people, businesses and organizations that work to build a better world “says the president of Banca Etica, Anna Fasano.
“Becoming a member of Banca Etica is one of the ways to contribute to the necessary change in economic and financial models that must put people back at the center – declared the President of the Community Foundation Pietro Basiricò.
The Community Foundation develops system programs and projects in the territories, supporting the growth of people and organizations, which is why economic and financial leverage is an important tool when used at the service of communities and the real economy. For this reason, we have decided to join the project of Banca Etica, which creates environmental, social and economic value for communities and territories. ” concludes President Basiricò.
The Community Foundation has signed nr. 100 shares for a total value of € 6,100.
By increasing the share capital of Banca Etica, we will increase the ability to give credit to projects that put people at the center, protect the environment and improve communities.
With the capital subscribed by the Community Foundation, Banca Etica will be able to increase its socio-economic impact with:
- 105,000 euros of new credit
- 261 tons of CO2 emissions avoided
- 5,801 tons of recovered or recycled waste
- 37 migrant people hosted
- 107 people who will receive care, assistance, training