16.04.12 / Ethical Bank / Author: Malcolm Hayday / Comments: (0)
Sir, In the ongoing row about the use of tax reliefs in the context of charitable giving, the government implies that it is everybody’s responsibility to pay the “right amount” of tax. At one level this may be hard to deny, but it ignores how that money is used. As a charity ourselves, many of our donors and investors benefit from tax relief. We then lend their money to small to medium-sized charities and community enterprises throughout the UK, many of which would not be able to do their vital work for society without such help.
A study commissioned on the impacts achieved by the charities and community enterprises we support, using the government’s own social return on investment formula, evidenced an average £7 return to society for every £1 of tax forgone by the exchequer. In a few cases it was almost £30.
If such returns are more than the government can achieve from spending the tax then we should encourage more use of tax reliefs for charity, rather than limiting the tax reliefs currently available.
Malcolm Hayday, Chief Executive, Charity Bank, Tonbridge, Kent, UK read more
08.03.12 / Ethical Bank, Ethical Money, Ethical Savings, Impact Investing, investment / Author: Malcolm Hayday / Comments: (1)
Tags: "ethical Banking" "ethical principles" banks 2012
Malcolm Hayday looks at how embracing social values can help banks serve their customers and communities better
Ethical banking has been part of the UK financial landscape for a decade now, but still remains a relatively small niche in the industry. As the country calls for reform of the financial sector, now may be the time for it to come to the fore as the industry standard. read more
31.01.12 / Ethical Bank, Ethical ISA, Ethical Money, Ethical Savings, Move Your Money UK, Transparency / Author: Mark Howland / Comments: (0)
There are many of us who try hard to do the right thing. We may buy Fairtrade food, worry about our carbon footprint and recycle our packaging. Yet most of us have not the slightest idea what our money is doing when we aren’t spending it. read more
20.12.11 / Big Society, Charity Loans, Ethical Bank, Ethical ISA, Impact Investing, Social Banking, Social Investment, social impact / Author: Mark Howland / Comments: (0)
The social finance sector is discussing constantly how best to measure social impact, but in spite of experimentation with different methodologies, no consensus has yet been reached. Charity Bank has used impact measurement for many years and we are currently refining and embedding our own impact measurement systems. We know that there is no magic formula; in the words of NCVO, “It is impossible for an organisation to measure its impact without being open to some degree of criticism”. read more
31.10.11 / Ethical Bank, Ethical ISA, Ethical Savings, National Ethical Investment Week / Author: Mark Howland / Comments: (0)
The timing of the Occupy London protest, which has coincided with both National Ethical Investment Week and the latest phase of the Greek debt saga, means that money, and the ethics surrounding it, are currently hot topics – both in the media and on the street.
Unsurprisingly, the Guardian has been the most vocal supporter of ethical investment, with an entire “ethical money” section on its website, but there is no doubt that the subject is inching its way further into the mainstream. In the past two weeks, the Financial Times has run a contributed opinion piece on green investing and the Telegraph’s Emma Wall has written an article with the subheading “Ethical investors no longer have to choose between their pocket and their conscience,” completely contradicting the newspaper’s proclamation earlier this year that “ethical investing doesn’t pay.” read more
27.10.11 / Charity Loans, Ethical Bank, Ethical ISA, Ethical Savings, National Ethical Investment Week, Social Banking, Social Enterprise, Social Investment / Author: Mark Howland / Comments: (0)
Our 2011 ‘Different Journeys’ programme is now complete. It was our most ambitious programme of visits to date, taking the public to see 20 of our borrowers during National Ethical Investment Week.
These visits have enabled us to share directly with our customers and the public the difference that money saved and invested in Charity Bank is making to charities, social enterprises and communities across the UK. read more
03.08.11 / Ethical Bank, Ethical ISA, Ethical Savings, Transparency / Author: Mark Howland / Comments: (0)
Tags: Ethical Bank
Charity Bank is much more than an Ethical Bank. Sometimes people think that Charity Bank is ‘too good to be true’:
A bank that is a charity?
A bank that publishes details of every loan it makes?
A bank that only invests in charities, social enterprises and community organisations?
And the latest one:
A six-month surplus of £243k all to be reinvested for charitable purposes?