Good Banking with CAFOD and Triodos

A market trader in Maralal, Kenya, holds a 200 shilling note.  CAFOD's Hungry for Change campaign is calling for more support for small farmers and traders to enable them to earn a fair price for the food they produce.  (Photo credit: Annie Bungeroth)

A market trader in Maralal, Kenya, holds a 200 shilling note. CAFOD’s Hungry for Change campaign is calling for more support for small farmers and traders to enable them to earn a fair price for the food they produce. (Photo credit: Annie Bungeroth)

You can already help make a difference for the world’s poorest communities by what you eatwhat you choose to buy, and even when you shop online, but did you know that you can also make a difference just by opening a new bank account?

Thanks to a new partnership between Triodos and CAFOD, you can now bank ethically and help support CAFOD’s work at the same time.

For every new savings accounts opened with Triodos via the special link on the bank’s website – http://www.triodos.co.uk/cafod – Triodos will donate £40 to support CAFOD’s work in the poorest countries around the world–enough to provide tools and training for a young apprentice in the Democratic Republic of the Congo.

Triodos are one of Britain’s leading ethical financial institutions, offering no contractual bonuses to their employees and investing purely in sustainable business, and organisations that work to benefit people or the environment, ranging from organic food and farming businesses to social housing and nature conservation projects.

Triodos publishes details of every single organisation it lends to on its website, so that savers can see how their money is being invested.

“The impact of the financial crisis has demonstrated just how much damage the financial sector can have on our society when things go wrong. But it’s also helped a growing number of people realise bankings potential for good, if it’s directed to work for people and the planet, not against them” said Tom Owen, spokesperson for Tridos.

“Partnering with CAFOD has an important role in helping to spread that message further still; encouraging people to consider how they interact with the financial system in their own lives and help build the positive and progressive banking sector we all deserve.”

Ben Oldham, CAFOD’s head of corporate partnerships, said:

“For many Catholics, we don’t just want to deposit our savings in the bank; we want to know that money is being invested in a way that’s consistent with our values. Banking with Triodos not only gives that peace of mind, but also means that the bank will donate income from its profits to support CAFOD’s vital work overseas. It’s an arrangement that everyone benefits from, and it’s a prime example of why CAFOD seeks to build partnerships with ethical companies in this way.”

Triodos’ donations to CAFOD can only be paid if new savers complete an online application form via the link http://www.triodos.co.uk/CAFOD; the donation will be paid after the balance of the savings account reaches at least £100. Terms and conditions for the offer can be viewed on the Triodos website.

For more information please contact Ellie Wilcock at ewilcock@cafod.org.uk / on 020 7095 5451

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