The average UK consumer has a lot going on right now – with the cost-of-living crunch, rising inflation and eye-watering prices, focusing on the environmental, social and governance (ESG) activities of the companies they use to manage their finances may just be the last thing on their mind.
But does being ‘ethical’ mean having to compromise? Some FinTech start-ups don’t think so.
Broadly speaking, ‘ethical finance’ refers to selecting firms or services that focus on doing good for the planet and society – in line with ESG investing and being “socially responsible”. With climate change on the rise, recent years have seen these terms gain more spotlight in news and discussions.
FinTech start-ups have taken to the trend as well, with a number of ethical FinTech start-ups cropping up across the globe.
FinTech Futures spoke to some of these FinTech companies operating in the UK to learn more about their modus operandi and why they believe ethical finance is the way forward.
