ShoreBank is a bank whose mission is to invest in "people and their communities to create economic equity and a healthy environment." They offer banks, consulting services, and have created a number of nonprofits to help them carry out this mission. Their web site states that they pursue a triple bottom line, "We strive to meet three objectives simultaneously: building wealth for all in economically integrated communities, promoting environmental health and operating profitably."
Founders Milton Davis, James Fletcher, Ronald Grzywinski and Mary Houghton — whose combined backgrounds encompassed banking, social services and community activism -- were seeking to buy a bank. They believed that a commercial bank, flanked by complementary development organizations, could effectively restore neighborhood economies.
ShoreBank offers two interesting types of deposit accounts: Development Deposits, which help support their community development work, and EcoDeposits, which help support their environmental work.
Their tag line? ShoreBank: Let's Change the World.
Wednesday, October 24, 2007
ShoreBank - Sustainable & Responsible Business of the Week
Posted by Dr. N at 10/24/2007 07:30:00 AM
Labels: banking, responsible business, ShoreBank, sustainable business, triple bottom line
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment