Bank Australia | Fiona Nixon helps create mutual prosperity for customers, the environment, and culture
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.
“We see the need today to really be using the business of banking as a force for good and actually trying to reshape the economy and to engage our customers in conversations about what kind of world do they want to live in now, but also obviously in the future.”
— Fiona Nixon, Bank Australia
Bank Australia | Fiona Nixon
Mentioned in conversation…
The nasty industries many banks still support, and our unknowingness in supporting this through our banking choices.
The opportunity for banking to be used as a force for good, to help create the future we want to live in.
A positive outlook on the future and the activation of incredible opportunities we already have available to us