As conscious consumers we like to think that we make good ethical decisions with my money – but have you ever thought about how the way your money moves affects the industries you’re supporting?

It might alarm you to know that the financial services industry, and specifically banks are still supporting some nasty industries, that we need to be aware of.

Our guest in this episode, Fiona Nixon, Head of Strategy and Communications for Bank Australia came to talk us through what we may not know about our banking. Throughout this episode Fiona highlighted how our choices activate our future through the industries we’re inadvertently supporting.

On the flipside, there’s some very very cool things that can be funded by banks to action the solutions we already have available to us – and to positively impact our future. 

Bank Australia are a great example. Owned by their customers, they channel their investments to create positive social and environmental change. They’re actively engaged in land regeneration, reconciliation, affordable housing, animal welfare, renewable energy, and conservation. Reporting directly to their shareholders (customers), they’re actively listening and actioning positive change.

Further, money held within Bank Australia is described as ‘clean’ because it is never loaned to industries (eg coal, nuclear weapons, gambling, tobacco, live animal export) that do harm. 

We all use banks, so there’s a big opportunity here to make conscious decisions about where we put our money in helping to create the future we want to see.