Summer School 2010 Reader public

Reader Summer School 2010 18 to 23 July in Florence, Italy

Content 1. Welcome • Welcome to the third International Summer School on Social Banking .......................................... 3 • About the Summer School on Social Banking .................................................................................. 4 • General Goals .................................................................................................................................. 4 2. Introduction • Summer School 2010: „Banking on values - what values?“ ............................................................ 4 • About us .......................................................................................................................................... 5 - Institute for Social Banking ....................................................................................................... 5 - Banca Etica ............................................................................................................................... 6 • Get involved: The ISB Online Network ............................................................................................ 6 • The Summer School Team .............................................................................................................. 7 3. Speakers and Abstracts • The Moderators ............................................................................................................................... 8 • The Speakers in Order of Appearance ............................................................................................. 9 4. How: Some of Our Methods • World Cafe ..................................................................................................................................... 26 • Open Space Methodology ............................................................................................................. 27 • Social Sculpture ............................................................................................................................. 28 • Social Clowning .............................................................................................................................. 29 - The Clowns - The Method • Your Contribution to the Summer School ...................................................................................... 29 • Literature ....................................................................................................................................... 30 5. Logistics • The Venue ...................................................................................................................................... 31 • Arrival ............................................................................................................................................ 31 • Directions ...................................................................................................................................... 31 . • Public transport ............................................................................................................................. 32 • Good to know ................................................................................................................................ 32 • What to bring................................................................................................................................. 32 7. And now? What‘s next after the Summer School 2010 • Stay in touch .................................................................................................................................. 33 • Summer School 2011 ..................................................................................................................... 33 2

Welcome Welcome Welcome • some reading impulses, • important logistical information Welcome to the third International Summer School on • and some outlooks on how to stay in touch and Social Banking: Banking on values – what values?! really make a difference. This means: Welcome everybody to a week full of: • Social Banking and Social Finance in its many We would be most happy if out of this Summer School facets some “real” projects and collaborations evolved, • Values in banking that shape our future and the future of banking • The presence and future of Banking and Finance in and finance in the way we assume is a good one for society humanity. Since we assume, you are familiar with the • Like-minded and interested persons – both within big challenges of our time, we do not repeat the many the referees and amongst the participants existing reports and studies on the financial crises, • Speeches climate change, population growth, urbanisation and • Workshops biodiversity. They just underline the urgency to reflect • Questions on and change how we use and invest money. • Discussions We hope we can all together make this a fruitful, • Inspiration intense, relaxed and inspiring time. • Imagination And enjoy Florence and beautiful Tuscany! • Culture Our kindest and warmest regards, • Fun and Joy Katharina Beck (Moderator at the Summer School …and whatever else you make out of it! and Managing Director of the Institute for Social Please know that we – your organisers, the Institute Banking) for Social Banking (ISB) and Banca Etica – try our Mirjam Fochler (Head of Organisation of the Summer best to make this week as unforgettable as possible. School and co-worker at the ISB) At the same time, be aware that you are the central Julian Kühn (Executive Director, Institute for Social part in it. We hugely look forward to your questions, Banking) your inputs, your ideas, your thoughts, your values Ugo Biggeri (President of Banca Etica) and your practical proposals how to change the current banking and financial sector. We understand ourselves as the service providers for you whom we designed this programme and space for. At this place, we would like to very much thank our dear colleague Sven Remer who actually is the “master mind” behind Katharina Beck Julian Kühn this years programme! Mirjam Fochler Ugo Biggeri In this reader we included for you • Information on us, the organisers and our other projects • the programme and timeline • information on the speakers, their speeches and backgrounds • the methods and possibilities of contribution on yourselves, so you can get to know each other better and stay in touch, 3

Introduction Welcome / Introduction About the Summer School on Social in society, Banking • critically reflect on the concepts and ideas behind socially oriented banking. In 2010, it’s the Summer School’s 3rd birthday. The whole movement started in 2006 when around 80 participants from diverse countries came together Summer School 2010: “Banking on values for incredible 10 days during a hot summer to discuss – what values?” about the existing and future trends in Social Banking In addition to introducing Social Banking in general, and Social Finance. every International Summer School on Social Banking Out of this intense experience, in December 2006, addresses a main topic. In 2010, we focus on “Banking the Institute for Social Banking (ISB) was born (see on values” and ask “what values?” these actually are below), designed to provide training and research (also see article “Values in Banking”). As banking is a on Social Banking and Social Finance. Today, the social interaction, we will also link these discussions International Summer School on Social Banking is to our personal values (see speech of Rolf Kerler on one of the central recurring projects of the ISB. It has Sunday). taken place every two years since 2006. The following topics will be covered specifically Each Summer School takes place in the home • Values in banking country of one of our member institutions (please • The impact of banking in and on society have a look at our Annual Report 2009) because we • Microfinance want to offer each of them a platform to show that • Banking as a commons Social Banking and Finance has a long track record • Social Banking 2.0 and is an internationally renowned tool. In 2008, • Individual and organisational competencies for we co-operated with Merkur Bank in Denmark and Social Banking in 2010, Banca Etica is our great partner. Since the • Ratings, Reporting and Labels demand for participating in the Summer School was • The role of donations in the economy extraordinarily high in 2010, we now decided to • Our capacities for change organise a Summer school on a yearly basis (see at the end of this reader “Summer School 2011”). Due to the interactive methods applied (see below), you will also have the opportunity to propose additional topics during the conference. General Goals Italy – origin of modern banking The Summer School provides a unique opportunity Florence is an ideal place to discuss banking and its for interested and engaged people to meet and values. It was in Italy that current banking was actually develop new perspectives on banking and finance. invented: In the first half of the past millennium, Within the Summer School, we traders started to merchandise money on wooden • create awareness for the role of banks in society banks on the streets – “bancos” in Italian – and this and the economy, is where our modern “bank” has its origin. With • present cases and best practices of already influential families such as the Florentine Medici, existing socially oriented banks and banking banking as we know it today, becomes global and products, influences political decisions of kingdoms and the • question the personal relationship to money and Vatican. the present banking system, But what about Social Banking? • offer spaces for creative and solution-oriented Of course, Florence is not only rich in its economic discussions on banking and finance and their role history and inventions, but also in all forms of 4

cultural activity. Incredible values in arts, knowledge Connecting education, research and praxis and architecture are at home in the Tuscan city. Be The activities of the ISB are targeted at examining inspired by these unique surroundings! both practical problems / successes of the socially In the speech of Ricardo Milano and Simone Siliani oriented banks and financial service providers and to on Sunday evening, you will hear more about this reflect on these academically. This intends to support Introduction inspiring history and place. practitioners and to disseminate ‘best practice’. The insights gained from the research also ensure a high About us standard in the training activities. The Summer School is a project of the Institute for Where we come from Social Banking (ISB). And for every edition, we co- As described in the “About the Summer School” operate with one of our member organisations (see section, the birth of the Institute for Social Banking Annual Report 2009) all across Europe. By this, we is closely connected to the Summer School in 2006. promote the Social Banking and Finance idea in as However, the idea of a “Worldwide Institute for human many countries as possible and, most importantly, banking” had already been around in for many years. we can support our respective partners with the It was mainly Julian Kühn, today’s Executive Director of international outreach for their approach. the ISB, who had again and again organised trainings and seminars for the co-workers of the existing Social Institute for Social Banking Banks and Finance Initiatives around Europe. With The Institute for Social Banking promotes a concept their similar approach (the aim to shape society for of finance and banking that specifically orients itself good through money) it appeared natural to merge towards a perception of and responsibility for the the knowledge acquired in decades of individual development of both people and planet. practices and to use these events to develop a joint For this purpose, we want to contribute to a change approach and to increase one’s experience. in paradigm. This will be possible if more and more These trainings and seminars culminated in the people develop a new - ethically and socially- organisation of the first International Summer ecologically oriented - understanding of the monetary, School on Social Banking in 2006, organised by banking and insurance sector. the GLS Treuhand e.V. in Herne, Germany. Just 5 Training and Research for Change Agents months later, in December 2006, 10 Social Banks Our work intends to enable working independently and Financial Service Providers founded the Institute and innovatively and to get engaged in socially for Social Banking with the goal to be a center for oriented entrepreneurial ventures. Our offers are and further develop training and research on Social aimed at interested employees of ‘alternative’ and Banking and Social Finance. Today, the ISB has 13 ‘traditional’ banks and financial institutions, business member institutions. So far, around 750 persons and banking students, as well as interested people have participated at ISB events. Every month, around from other backgrounds. 2.000 persons (unique visitors) visit the ISB website. Our projects and activities include: In 2009, it was awarded as official project of the UN • Masters on Social Banking and Social Finance Decade “Education for Sustainable Development”. (see below) In March 2010, it’s MA Social Banking and Social • International Summer School on Social Banking Finance was awarded the “Continuing-Education- (this is why you are here…) Award 2010” by the German Federal Institute for • Expert Seminars for Bankers Continuing Education. • Introduction Seminars to Social Banking Website: www.social-banking.org • Publication of the ISB Paper Series • Dialogue with other relevant think tanks • First Bachelor elective on Social Banking worldwide • Lectures and Lecture Series 5

Banca Etica the main conditions of all ethical finance activities; Banca Etica’s Foundation is our close co-operation • the active involvement of shareholders and savers partner for the 3rd International Summer School on in the company‘s decision making process must be Social Banking. Founded in 1999 by a solid group of encouraged; Italian non-profit organizationst, it was the first Social • each organisation which accepts and adheres to Introduction Bank in Italy and today has over 200 employees and the principles of ethical finance undertakes to more than 15 branches. inspire its entire activity to such principles. The Idea Website: www.bancaetica.com The idea behind Banca Etica consists in creating a Get involved: The ISB Online Network place where savers, driven by the common desire of a more transparent and responsible management The platform for the associated partners of the of financial resources, may meet socio-economic Institute for Social Banking initiatives, inspired by the values of a sustainable To facilitate networking between the people who social and human development. work in the area of Social Banking and/or Finance, The bank manages savings raised from private citizens, who want to learn more, who are interested or as singles or families, organisations, companies and have any connection to the subject, we created an institutions in general, and invests them in initiatives international online „facebook“ at social-banking. pursuing both social and economic objectives, ning.com. This platform is supposed to support operating in full respect of human dignity and the a participative and dynamic development and environment. spreading of Social Banking and Finance by bringing In such context Banca Etica sets out to educate both together actice and inspiring persons with a common savers and borrowers by enhancing the awareness mindset and own opinions. of the formers about their saving‘s destination, and You can use this network to: encouraging the latter to develop their management • found groups on special topics and entrepreneurial abilities. • post blogs on interesting subjects, experiences, Banca Etica does not set out to reject the basic rules questions, projects of finance, but it rather seeks to reform its main • discuss topics values. • search for jobs, people, ideas, inspiration The Principles • publish job offers • share information, videos, photos The principles which inspired Banca Etica‘s • introduce interesting books, articles etc. incorporation and which today distinguish and • announce events characterise its everyday work, are stated in article 5 • make value-based banking and finance a more and of its Articles of Association: more self-evident attitude. The Company adopts the following principles of Ethical Finance: Specifically for the Summer School we founded a • ethically oriented finance is aware of non group „Summer School on Social Banking 2010“ economic consequences of economic actions; within the network. The group is open to Summer • access to finance, in all its forms, is a human right; School participants 2010 and is meant to support a • efficiency and soberness are components of lively exchange between the participants in advance ethical responsibility; and in the aftermath. Here you can find hinds on what • profit produced by the ownership and exchange of to bring (also in this reader in the „Logistics“ section), money must come from activities oriented you can arrange travel-groups and talk to each other, towards common well-being and shall have to post questions and use the fact, that all members will be equally distributed among all subjects which be participating in the same event. We also introduce contribute to its realisation; relevant literature in the group „Reading“. To become • maximum transparency of all operations is one of member of the network you have to be invited. If you 6

haven’t got an invitation yet, please send an email Moderators to You will be guided through the week by two summerschool@social-banking.org. persons: Website: social-banking.ning.com Katharina Beck, Managing Director at the ISB, is your “host”. She will lead you through the content, Introduction The Team introduce you to the speakers and keep you up-dated about everything else you need to know. We are very much looking forward to meeting you Shelley Sacks, Director of the Social Sculpture in Florence! Please use the possibility of having the Research Unit in Oxford, will lead you through your team around you all the time and feel free to talk to personal learning journey, so you can take the most us about anything anytime - be it organisational stuff, out of this event. We are very happy to work together questions or ideas about the ISB activities, special or with her and to learn from her holistic learning common topics - you‘re always welcome! approach. Be inspired! ISB: Other persons who play a central role in the official Sven Remer (programme design and speakers) programme are Chris Seeley and Robert McNeer, Katharina Beck (moderation, PR and organisation) please read more about them in the „Methods“ Julian Kühn (overhead) section of this reader. Mirjam Fochler (head of organisation) Thomas Petruschke (support at the venue) Patrica Ciecierski (Design of reading materials and support at the venue) Banca Etica’s Foundation: Alberta Bidini (organisation and contact to venue) Ugo Biggeri (programme and speakers) Irene Palmisano (PR) Simone Siliani (contacts and speakers in Florence) Katharina Beck Shelley Sacks 7

Speakers and Abstracts Speakers and Abstracts - Sunday 18 Julyuly Your Facilitators Katharina Beck is a graduate She is personally driven by the wish to enable every in Regional Sciences of Latin human being to live a life in dignity. Seeing climate Amercia and now working change as one of the most urgent problems for as Managing Director at the humanity, she tries to find ways for shifting how the Institute for Social Banking economy is working nowadays. Finance and personal (www.social-banking.org). She values play a major role in this. Therefore, Katharina is responsible for, amongst focuses on increasing awareness about banking other things, Communication, and finance and also about how the „western the International Summer lifestyles“ can be changed towards „sustainability“ - Katharina Beck School and other seminars. In understanding this word as ability to live now and in 2008, she was president of oikos the future. International (www.oikos-international.org). katharina.beck@social-banking.org Katharina is a LEAD Fellow (www.lead-europe. Telephone number: +49-176-23175779. org), writes online at www.kathas-welt.de about sustainable lifestyles and lives in Cologne, Germany. Shelley Sacks (Director of Social Aesthetic Education for Sustainability and as part of Sculpture Research Unit, Oxford an annual European Programme in Weimar, Germany, Brookes University, UK) is an exploring new methodologies of engagement linking artist whose interdisciplinary the aesthetic dimension and culture to sustainability. work is concerned with dialogue, Shelley is also working on several other collaborative creative agency, the relationship writing projects with Wolfgang Zumdick; and a ‘Social of aesthetics and ethics, Sculpture Reader’ with Zumdick, Kurt and Dr. Walter facilitating new vision, and the role Kugler. Her work includes more than forty live actions, of imagination in transformative site works, projects and installations; grass roots Shelley Sacks social process. She is a Reader cultural and political work in South Africa in the 70s and in Art and Principal Lecturer at 80s with a focus on social sculpture and cooperatives, Oxford Brookes University, Oxford, UK. She is Director as well as writing, performing and lecturing in a of the Social Sculpture Research Unit, Course Leader range of contexts across the world. Her acclaimed - Masters in Interdisciplinary Arts and Masters in social sculpture project, Exchange Values (http:// Social Sculpture, Graduate Research supervisor and www.exchange-values.org) with banana growers and conveynor of the Social Sculpture Research Forum; consumers was presented at the World Summit for Convenor - Art, Culture, Sustainability - university- Sustainable Development 2002. In June 2008 Shelley wide, cross sector research cluster and initiator of invited Chris Seeley to collaborate in the design and the University of the Trees social sculpture project. delivery of a 3-day ‘Connective Practices’ symposium After graduating from the University of Cape Town in in Oxford. In October 2008 Shelley led a workshop at 1972 (with distinction), she studied in Germany with the World Cultural Economic Forum in New Orleans Joseph Beuys as well as taking up a postgraduate on social sculpture and creative communities. In scholarship at the Kunstakademie, University of 2009 she contributed a social sculpture process to 8 Hamburg in 1974. Shelley is currently working with the Nobel Laureates Symposium, in London, on the cultural scientist, Dr. Hildegard Kurt, on a book on Climate Crisis. The long-term social sculpture projects

University of the Trees (www.universityofthetrees. independent of formal institutional frameworks. In org) and Ort des Treffens (www.ortdestreffens.de) 2012 her social sculpture projects will be presented are a central focus of her work. Shelley is co-founder, in Tokyo at Watari-Um, co-curated by Dr. Walter with a small group including Maritta Koch-Weser, of Kugler. the new Social Sculpture Association (London/Berlin) ssacks@brookes.ac.uk Sunday 18 July - Speakers and Abstracts designed to further global social sculpture initiatives, Chris Seeley (Co-Director of the expressive creative life into her work as a response Ashridge Masters in Sustainability to sustainability and the current world situation. and Responsibility, Ashridge She is a Visiting Fellow University of Bath’s School of Business School; Social Clowning, Management, and a Research Affiliate at the Social UK) started life with drawing, Sculpture Research Unit at Oxford Brookes University painting, making - a childhood in the UK. She is Co-Director of the Ashridge Masters in informed by creating - before Sustainability and Responsibility at Ashridge Business studying graphic design, moving School. She also works worldwide with public, into a corporate identity and private and educational organisations incorporating Chris Seeley then industrial market research different ways of knowing beyond the intellect into and new business development. She broadened her an improvised, unmediated way of receiving the horizons at the turn of the century to encompass world, allowing spontaneous responses to emerge. wider global issues and seeks to re-integrate her chris@wildmargins.com Robert McNeer (Social Clowning) construction. Aside from leading workshops there in is a theatrical educator, actor theatre and clownwork, he continues his theatrical and director; cofounder of La research with non-professional actors throughout Luna nel Pozzo (The Moon in Italy, teaching in schools and psychiatric wards, as the Well), a cultural centre in well as with the differently-abled. He recently opened the countryside near Ostuni practical research into clown and neuro-motor (Brindisi province), in southern rehabilitation with Parkinsons patients in Venice, Italy, where he hosts a month- and regularly conducts seminars for Rudolf Steiner long summer theatre festival educators in Germany. www.la-luna-nel-pozzo.com. Robert McNeer in a stone amphitheatre of his lupo.teatro@libero.i Your Referees and Workshop Leaders Rolf Kerler (Co-Founder and Germany. Cofounder and business manager of the Member of the Supervisory Gemeinschaftsbank in Bochum and GLS Treuhand Board of GLS Bank and Weleda for 21 years. 1988 – 2002 board member of the AG, Germany), born in 1941 General Anthroposophical Society and responsible near Stuttgart, Germany. After for finances. Since 1991 member of the board of his apprenticeship in banking he directors of Weleda AG (2003 – 2009 president). studied Sociology and Economics Business manager of Stiftung Evidenz Arlesheim/ in Mannheim and Munich. Since Schweiz 1968 active in anthroposophical r.kerler@sunrise.ch Rolf Kerler banking institutions in Bochum, 9

individual’s perspective on An In the course of time many values for a new banking values, money and banking (Sunday 15:45) came about – often connected with general slogans The lecture gives opportunity to dive once more like sustainable, social, ecological, ethical etc. into the beginnings of the Bochum Bank whose My personal values refer not so much to contents development I have participated since 1968. but have more to do with methods, with how to deal Speakers and Abstracts - Sunday 18 July First do, then understand, what new values have with people and money. developed in practical banking life. Ricardo Milano (Banca Etica, the developments? As I am indeed been born the Italy) Banks and as they are developed? What does it teach Florence and central Italy: us this past? people and places where the If today the world, kind that sensitive and open to banks and the social banks the happiness of all the people has, and he wants were born. (Sunday 18:30) to have, trust in the social banks we absolutely have to rediscover the true origins and to work us. The Florence and Tuscany have incrostazionis that have been you have not certainly been in the XV century, from allowed a balanced development of the system and Ricardo Milano the economical/financial point the crisis that today the world is living points out of view, what today is New York him. and his district: the capital of the business. To know the history means not to repeat the done The banks of the merchant-bankers were not only errors. Today we are repeating the errors really for powerful, but also initiators of a global economic our ignorance. system that have anticipated the actual reality. Tuscan characters and Florentines as St. Bernardino But from Tuscany and from the Center Italy figures from Siena, Sant‘Antonino in Florence and others have also emerged that, departing from the idea of that have lived here are symbolic to our goals and the Poverty of St. Francis of Assisi, they have created, must be rediscovered. thanks to the Franciscan (but also Dominican) In fact, if the way is changed to manage the money economy, the premises of the market (that civil). This and that to make enterprise, the philosophy of the has been the forerunner of that capitalistic initiate in money and its ethics is not changed: money is for the the XVIII century thanks to the English thinkers that humanity and not the humanity for the money. To it has however defeated and made to set aside that rediscover this is to really rediscover the part better civil. than every human being. The consequences are under the eyes of everybody. rmilano@bancaetica.it Which then the reasons for such origins and which Simone Silinai (Fondazione now member of staff at the Fondazione Culturale Banca Etica, Italy) was born Responsibilità Etica, being responsible for the in 1962. He holds a Degree development of projects in the field of ethic finance certificate in Electronics and and environmental social sustainability as well as the a University degree in Italian co-organisation of Terra Futura. literature from the University of siliani.fondazione@bancaetica.org Florence. He held several political Florence and central Italy:people and places where positions in the Tuscan Region, the banks and the social banks were born. was town councillor for culture (Sunday 18:30) Simone Siliani and international cooperation for the City of Florence, became Can we speak about a “Medici effect” in making then responsible for research and development Florence perhaps the most powerful and prosperous 10 at the Cooperativa Archeologica in Florence and is Princedom in Europe between XV and XVI century? If

so, what is this “Medici effect” all about? Essentially, in also original, together in a new dialogue with Ancient linking together economic power and art and culture Art. Conditions that are not even thinkable in the development throughout innovation: this is the focus Contemporary Berlusconian Italy. But let us not even of what we usually call Renaissance and that, in a overestimate the renaissance: it was not only for rather reductive manner, we identify with the genius style, culture that a banker use to ask an artist for a Sunday 18 July - Monday 19 July - Speakers and Abstracts of a certain number of artists in the field of visual arts portrait; it was clearly a matter of fashion, a matter of and sculpture. But the Florentine Renaissance is much economic investment and demonstration of personal more complex: it surely had an European dimension power. and it consisted in the fact that so many riches and The story of Renaissance Florence it is not one of business energies where addressed to a kind of separate worlds: to the role played by culture in the culture that had a powerfull innovative momentum. world of political power, correspondes a role of the It was different from the culture that was teached in mechanism of political power and markets in the Universities and from the art that was commissioned world of arts and culture. The point is that a banker by the Church (the only art buyer in the XV century). of the XV century has built magnificent building, At a certain point new Princes, brilliant, aggressive, purchased tapestries, commissioned paintings that willing to compromise (and even worst), finds out are still admired: what a banker of the XXI century that it could be very useful and pleasant to surround will leave to posterity is not yet clear. themselves with not only beautiful masterpieces but Andreas Weber (Independent broadly a dualist view. I will argue that this dualism Writer, Germany; Author of is a flawed worldview which besides other problems “BioKapital”) leads to an uneconomic economics. I will unfold this „BioKapital“ The role of argument in three steps, analyzing (1) the hidden finance/banking in the values of natural services outnumbering the world problems we face and in their GDP of human activities by orders of magnitude, solution (Sunday 20:30) (2) the true nature of human needs as an embodied organic being, and (3) the resulting picture of the Basic economic assumptions whole biosphere as the „real“ economy, including Andreas Weber – including most of which are the „market“, but showing itself characteristic traits valid for socially responsible of a commons-based management system. I will economic activities – are grounded onto a more or classify a set of biosphere/commons-based values less hidden set of values. These values are typical of a as guidelines for a shift from an uneconomic to an modernist worldview, comprising a time-arrow view economic economy, which could also be called an of history, determinism, objectivism, reductionism, „economy of life“. the idea of the illusionary nature of feelings, the frankandreasweber@gmx.de assumption of endless human needs and more Ulrich Thielemann (Vice St. Gall (1988-1989). From 1990 to 1996 he was a Director Institute for Business Scientific Assistant of Prof. Peter Ulrich, with whom he Ethics, University of St. Gallen, worked out a qualitative empirical study on the ethical Switzerland) was born in thinking-patterns of (Swiss) managers, published as 1961 in Remscheid, Germany. „Ethik und Erfolg“ in 1992 (Paul Haupt). He wrote He studied from 1982-1988 his dissertation-thesis on „The Market Principle - A economics at the University of Critique of the Logic of Economic Exchange“, published Wuppertal, Germany, (Dipl.-Ök.) in 1996 (Paul Haupt). He was Visiting Scholar at the and participated in the Doctoral American University, Washington, D.C., pursuing his Ulrich Thielemann Program of the University of habilitation-thesis on „Competition as a Concept of 11

Justice“ and at the Department of Economics der down to an ‚ethics‘ of the right of the powerful University of East London, United Kingdom. Since (the most solvent and the most productive market 2001 he is Vicedirector of the Institute for Business participant). The economy is not just the pure market, Ethics at the University St. Gallen and holds chairs but also part of the lifeworld. A good market economy in Philosophy and Business Ethics. Since 2005 he is (social market economy) is, by definition, embedded Speakers and Abstracts -Monday 19 July Associate Professor of Business Ethics at the Graduate in cultural values and in norms of fairness and School of Management/University Educatis. Ulrich moderation. Social banking has an important role to Thielemann is author of numerous books and play in sustaining and modernising the idea of a social publications in scientific journals and anthologies. market economy. However, true business ethics from ulrich.thielemann@unisg.ch integrity, which social banking demonstrates and The role of social banking for a good market supports, must always be backed up by an appropriate economy. Ethical visions and challenges. ordo-political framework. Without such a framework, (Monday 11:30) social banking will be squeezed out by competitive forces, or remain a niche at best, with its potential The market, left alone, has the tendency to occupy to sustaining, strengthening and modernizing a true all spheres of the lifeworld with its own logic. This is social market economy left unused. ethically wrong and cannot be justified, as it comes Pierre Aeby (1956) (CFO Triodos Triodos Bank‘s perspective on values in banking Bank, NL) (Monday 15:30) Pierre Aeby is Member of Triodos Bank has pioneered values-driven banking the Executive Board & CFO of for 30 years. Its mission is to help create a society Triodos Bank N.V.. He joined that promotes people’s quality of life and has human the bank in 1998 and served dignity at its core. Founded in The Netherlands, the as Managing Director of the bank has developed to become an international Belgium Branch. In 2003, he group with branches in the Netherlands, Belgium, was appointed Member of the The United Kingdom, Spain, and Germany, and well Executive Board at the central developed fund management activity. With the office and moved to The Netherlands. Besides his support of 250,000 customers, the bank finances overall responsibilities at Executive board level, projects in several sectors such as renewable energy, Pierre main responsibilities cover risk management, organic agriculture, microfinance, fair trade, health, finance, business banking, and emerging markets. education, and culture. Voted Most Sustainable Bank He serves as board member of several investment of the year in 2009 by The Financial Times, Triodos funds managed or sponsored by Triodos Bank in Bank advocates a new approach to banking that microfinance, fair trade, renewable energy, and focuses on the common good they can deliver. socially responsible investments. He started his Triodos is a member of the ISB. career in banking at Generale Bank in Belgium and www.triodos.nl held several positions in international trade finance, international banking with emerging countries, corporate banking and credit risk management. Pierre.Aeby@triodos.nl 12

Ugo Biggeri (Co-Founder of Popolare Etica. Banca Etica, Banca Etica‘s biggeri.fondazione@bancaetica.org President, Italy) is Chairman of Banca Etica‘s perspective on values in banking the Board of Directors of Banca (Monday 15:30) Popolare Etica in Italy. He holds a University degree in Physics, Banca Etica was founded in 1999 by a solid group of Monday 19 July - Speakers and Abstracts a PhD in Electronic Engeneering Italian non-profit organizations. Now it has about 33 and a Post graduate degree in thousand shareholders of which almost 4.000 are Health Physics. After research organizations. Its aim is to finance activities with Ugo Biggeri experiences he worked as social and environmental added value. All loans consultant for sustainability of renewable energies, granted to such activities are briefly presented on the waste management and ecolabelling. Since his website (bancaetica.com). Banca Etica collects about activities as co-founder of Banca Etica in 1995, he 700 million euro, it has 13 branch offices spread held several positions within the organization: From on the entire Italian territory; moreover through 1996 to 1999 he was Chairman of the „Associazione FIARE, Banca Etica operates in Bilbao and Barcelona Finanza Etica“, from 1998 to 2007 he was member (Spain). of Banca Etica‘s Board of Directors, from 2003 to The Bank is member of several international spring 2010 he was the Chairman of the „Fondazione organizations active in social banking (eg. GABV, Culturale Responsabilità Etica“ and in May he was Sefea, Febea, Inaise, ISB...). elected Chairman of the Board of Directors of Banca www.bancaetica.com Jean Pierre Caron (Vice- Values to make sense : general aspects, and President of the Board of La practice in la Nef (Monday 15:30) Nef, France) is Vice-president Values appear indeed as a difficult matter, however of the Supervisory board of more and more necessary. Nowadays the term La Nef (Société financière), “management by values “ is recognized as a possible also active in the association style of management. La Nef (now for gift money) But what is really the meaning of working with values, since its foundation in 1979. He what about the path from definition to practice, are works also as a consultant on there some risks, some conditions for success?. Jean Pierre Caron organisational development in La Nef has worked out its values starting from the several companies. french notion of “brotherhood” in the economy, Jean Pierre is also president of the Advisory Board of also out of some necessities linked with money as the ISB. a potential source of ethical renewal in the financial direction@association-lanef.org world. La Nef is a member if the ISB. www.lanef.com Hayday, Malcolm (Head of Bank of which he is also Chief Executive. The Charity Charity Bank, United Kingdom) Bank is the world’s first general registered charity to In 1993 Malcolm Hayday moved be authorised and regulated as a bank. Charity Bank from the dark side of international provides a growing range of financial services for the banking to civil society where he common good. It is a different bank for people who joined Charities Aid Foundation want a different world. In just 7 years, the work of to develop a market in loan Charity Bank has touched the lives of over 3 million finance: investing in the common people in the UK and, increasingly, in the wider good, not just giving to charity. In Europe. It sees its growth through partnership with Malcom Hayday 2002 he co-founded the Charity like minded people and organisations. 13

Every year, Charity Bank takes a small number of Charity Bank‘s perspective on values in banking. interns to work on projects to assist the bank‘s Can some banks really be different? development. Interested applicants should contact (Monday 15:30) Brian Knott at bknott@charitybank.org. Drawing on the theme of a different bank for people mhayday@charitybank.org who want a different world, Malcolm Hayday will Speakers and Abstracts - Monday 19 July use the short experience of Charity Bank to show how disenchantment with the mainstream banking sector has allowed Charity Bank to grow by being true to its values. These permeate the bank and are reflected not only in the way we work with savers and borrowers. Charity Bank is a member if the ISB. www.charitybank.org Marco Morganti (Banca 1. increase the customer satisfaction for currently Prossima, Italy), CEO and served organisations (and gain new customers) founder of Banca Prossima, through tailor-made products and services distributed holds a degree in Renaissance by dedicated professionals with experience as Philology and has worked in volunteers: the Relationship Managers; various roles, mainly in the 2. its Fund for the Development of the Social publishing industry, for over 10 Enterprise, fed by at least half of the bank’s profits years. Since 2003, he has been (all of them for the first 10 years), which brings about Marco Morganti in charge of the Bank & Society mutuality across all client organisations and enables Lab in Intesa Sanpaolo. In June lending towards borrowers or projects that would 2006, Morganti started working on the idea of the otherwise be priced out of credit; first bank in Europe completely dedicated to nonprofit 3. external guidance and assessment via the Solidarity organisations: Banca Prossima of Intesa Sanpaolo and Development Committee, a statutory committee Group, which began its operations in February 2008. which contributes to the design of the operation riccarda.zezza@intesasanpaolo.com strategy and assessment of the effectiveness for the Banca Prossima‘s perspective on values in banking Fund for Development of the Social Enterprise; (Monday 15:30) 4. a credit rating model for social enterprises which takes into account both the legal and fiscal In November 2007, Intesa Sanpaolo created Banca peculiarities of these businesses and complies with Prossima as the first European bank exclusively Basel2 criteria. dedicated to the nonprofit sector, such as charities, The effectiveness of the credit rating model and of religious organizations, cooperatives, settling 120 the fund has resulted in a low percentage of bad loans million euro in equity for its start up. Two and (0.5 percent versus 5.5 percent that is the average in a half years later, Banca Prossima counts 9.500 Italy). customers, for a total of 1,2 million euro in lending www.bancaprossima.com and deposits. The bank has the specific object of “fostering the creation of the Common Good through traditional and specialised banking tools”, and its activity is structured along four main strategic directives: 14

Andreas Neukirch (Member of Association of Investors in the Social Economy) and in the Board of GLS Bank, Germany) the supervisory board of the ISB (Institute for Social is born in 1960 in Düsseldorf / Banking). Andreas Neukirch is honorary member of Germany. After apprenticeship in the board of a charity-alliance (Caritas) with it´s home banking and studies of business care establishment (Caritas Alten- und Krankenhilfe). administration at the university Especially his engagement in projects dealing with Monday 19 July - Speakers and Abstracts in Cologne (Dipl. Kfm.) he had different forms of cross- generational living and executive functions in different the communal living is reflected in assisting such enterprises of the cooperative initiatives. In his free time he is a passionate long- Andreas Neukirch financial system. Since 2002 distance- runner. He is married, has three adult member of the board of the children and lives in Lippstadt. GLS Bank with responsibilities in the following andreas.neukirch@gls.de domains: human resources, bank-wide control, GLS Bank‘s perspective on values in banking lending, payment transactions, IT-Orga and audit. (Monday 15:30) Furthermore responsible for affiliated companies within the GLS group and therefore member of the GLS Bank, founded in 1974, is the first ecologically executive board of the GLS Beteiligungs AG and and socially oriented bank in Europe. It nowadays GLS Energie AG. Priorities in projects for renewable brings together more than 80,000 customers and, in energies. Engagement in the international 2009, has a balance sheet of 1,4 Bn. Euors. GLS Bank collaboration of ethic-ecological oriented banks by is a member of INAISE, the GABV and the ISB. the membership in the board of INAISE (International www.gls.de James Niven (Global Alliance Values in Banking; An international perspective for Banking on Values, UK) is from the Global Alliance for Banking on Values Programme Manager for the (Monday 15:30) Global Alliance for Banking on Values-driven banking has enjoyed increasing Values (www.gabv.org) and attention in recent years. Yet, despite its compelling Head of Public Affairs at Triodos successes, arguably its impact remains relatively Bank (www.triodos.com). James limited. The Global Alliance for Banking on Values has fifteen years experience (GABV) is a network that aims to grow sustainable communicating the work of banking substantially. Against this background we James Niven values-driven organisations, will explore where this young organisation has come from the British Council in New from and where it plans to go. In the process we Zealand to Voluntary Service Overseas and the UN will share how its members apply the values they Capital Development Fund. For the last eight he’s promote, and why they believe it matters. worked at Triodos Bank moving to the Netherlands, www.gabv.org and the bank’s international department, in 2009. The Global Alliance for Banking on Values is an independent network of banks using finance to deliver sustainable development for unserved people, communities and the environment. james.niven@gabv.org 15

Pehrson, Lars (CEO Merkur with more than 16,000 clients. Bank, Denmark) Born 1958, CEO Mail: lp@merkur.dk and cofounder (1982) of Merkur Merkur Bank‘s view on values in banking Cooperative Bank, Denmark. (Monday 15:30) Vice President of INAISE, Speakers and Abstracts - Monday 19 July International Association of Merkur takes the societal approach serious and asks: Investors in the Social Economy. What will be the implications for the bank‘s business Merkur Cooperative Bank is model? Denmark‘s leading social bank www.merkur.dk Lars Pehrson Edy Walker (Member of the Alternative Bank Switzerland‘s view on values in Executive Board Alternative banking Bank, Switzerland) is a certified (Monday 15:30) banking expert. After twenty The Alternative Bank Schweiz AG (ABS) is a savings years of practical experience in and loan bank with an alternative business model. several banks he started to work The bank is a leading supplier of ecological and at the ABS as an expert in credit social bank products in Switzerland. Sustainability management in 1998. He was and ethic principles are the top priority. The bank ... responsible for the setup of the the societal mission, to live social respect, ecological Edy Walker credit administration and credit responsibility and honest transparency. Sie gibt sich risk management and thus den gesellschaftspolitschen Auftrag, sozialen Respekt, contributed significantly to the development of the ökologische Verantwortung und ehrliche Transparenz ABS. Walker also represented the employees in the zu leben. For 20 years now it has been growing ABS Advisory Board. Since 2005 he is a member of organically, the headquarter being in Olten but also the executive management. In this function he was having branches in Lausanne, Zurich, Geneva and responsible for the design of ABS‘ ethical investment Bellinzona. The ABS belongs to 4‘500 shareholders branch. and has 24‘000 customers. The total assets amount Edy Walker is also the executive director of the on about 675 Mio. €, 80% being invested as loans Innovation Fund Association. The Innovation Fund in the real economy. The demand for respectable Association is mainly funded by subsidies from the socially and ecologically compatible products and ABS and its shareholders. It finances sustainable services is growing. The ABS wants to answer this pioneer projects. demand with innovative products and services that Edy.Walker@abs.ch support social and ecological economic activity. To perform those services, ABS aims for cooperations with national and european corporations and banks that share the value orientation of ABS. www.abs.ch 16

Morning Topic: Different Qualities and practices of money Julian Kühn (Managing Director, An introduction to the different Institute for Social Banking qualities of money Tuesday 20 July - Speakers and Abstracts and Board member of the GLS (Tuesday 09:30) Treuhand, Germany), 53 years Money is not a unitary „thing“. Depending on the old, has been working in the people who use it and how they use it, money changes area of Social Banking since its particular qualities: e. g. with buying, granting 1978. Over several years he loans, investing or donating. Dealing consciously was board member of the GLS in a differenciated way with these qualities, in the Bank and the GLS Treuhand in first place facilitates the funding of diverse societal Julian Kühn Bochum, Germany. Since 1992 challenges as fair trade, investments in sustainable he has been coordinating the production and services or the generation of educational offers of the international movement new ideas and competences within research and of Social Banks. He is founder and Executive Director education. My assumption is thus, that a holisitic of the Institute for Social Banking – Education and and sustainable approach of Social Banks needs to Research. develop and offer bank services that correspond to Mail: julian.kuehn@social-banking.org these various qualities of money. www.social-banking.org Antje Tönnis (Head of Financing change through giving – Communications, GLS Treuhand, an integral part of social banking GER) holds a Master’s degree (Tuesday 12:15) in Geography and a Ph.D in Social banking draws a picture of a new economy, of Geosciences. Her research the society we want to live in, where people and the and work focuses on forest environment are more important than profit. Giving policy, feminist geography, is a central part of that new picture and social banks gift economy and commons. should provide consultation and services both for Over several years she held the people who want to give money and for those Antje Tönnis various executive positions charitable initiatives who are in need of funds. The within the party „Bündnis 90 economic and social importance of giving will be – die Grünen“ in Germany. For some years now she explained and GLS Treuhand is used as an example is the communications manager at GLS Treuhand/ for a financial organisation with experience in donor Bochum, a charitable association that offers services counseling, and competence in the establishment to affluent people who want to give money. Founded and maintenance of endowments, foundations and in 1961, GLS Treuhand has 290 members, all of which legacies. are charitable organizations. In 2009, a total of 6.5 www.gls-treuhand.de million euro was spent funding projects. Mail: antje.toennis@gls.d 17

Afternoon Topic: Micro-Finance Microfinance re-evaluated dynamic sectors?...). These differences in objectives Speakers and Abstracts -Tuesday 20 July (Tuesday 15:00) become even more contrasting when comparing Since microfinance was developed in Bangladesh in microfinance in transition economies with the 1970s by professor Yunus, a great deal of energy microfinance in welfare states and saturated markets has been spent on debating whether microfinance (is it actually needed?). does, or does not, reach the poor, have a positive In this session we will meet people that will tell us impact on them, or whether it can be sustainable. what purpose it is that they attempt to fulfil in the field However, the more relevant question that should of microfinance and how they, or their organisations, focus our attention is the „how“, not „whether“ or have decided to approach this. Ulrike Lohr from not microfinance reaches the poor, but rather „how“ Oikocredit, a worldwide cooperative society, active can we use it as a tool to reach them; „how“ it should in 71 developing and emerging market countries will be designed to serve poor people best to be better explain Oikocredit‘s mission and values and the way off. they collaborate with local partners. Oikocredit has Microfinance is a lot more than simply the delivery of implemented a social performance management small loans. In Addition, microfinance stakeholders system in order to measure and ensure positive today follow very contrasting objectives. To a great change in the lives of its clients. Markus Heidenreich deal, this is because their institutional purposes from GLS Bank will illustrate how GLS Bank designed are not the same (combating poverty? reducing and started a brand new microcredit program, which unemployment? creating businesses? implementing is intended to support founders of new businesses a specific lending technique? developing a local and self employed people and which is supported by community?...) but also because the priorities in the German Government. GLS Bank is a fast growing reaching these goals differ (financing the poor? German bank with a very strong focus on sustainable creating sustainable MFIs? developing diverse and banking. Guene, Christophe(Co-Founder post-conflict areas and transition economies. I am of SoFi, Belgium) I am an also a trainer in micro-finance techniques, helping for economist dedicated to the instance starting micro-finance institutions find their development of “domesticated specific approach, and have formerly practiced micro- monies” and social finance in finance in Europe for bank-excluded entrepreneurs. I its most varied forms (micro- worked with INAISE (the first international network finance, eco-banking, community of ethical and social banks) and am a co-founder of finance, mutual banking, etc). SOFI, a not-for-profit association of professionals I am active in the development similarly dedicated to the design of finance for the Christophe Guene of sector strategies and policies common good. for micro-finance and social cguene@sofi.be banking, both in Europe and in Africa, especially in

Lohr, Ulrike (Oikocredit, Oikocredit, she works with volunteers for the Germany) Ulrike has been West German Support Association. Oikocredit, an working in the field of socially international cooperative society, is one of the world’s and ecologically responsible largest sources of private funding to the microfinance investment for various sector. Ulrike holds a degree in Regional Studies Tuesday 20 July - Speakers and Abstracts organisations, including the of Latin America from the University of Cologne, international NGO network Germany. BankTrack and imug, a German Mail: ulohr@oikocredit.org SRI-research institute. In Ulrike Lohr Heidenreich, Markus (GLS Bank, banks were related to „Macro-finance“, which means Germany) Im a rooted in the huge financings for international top companies. But so called „Ruhr Area“ (Essen, finally and by chance I detected a very interesting Bochum), where I was born in 1976 vacancy for „Micro-finance“ at GLS Bank in Bochum and where I went to university. - a way of financing founders of new businesses and Before, during and after my self-employed persons - in a bank, that acts from an studies (Economics & Business ecological and socially point of view as responsible Administration) I was employed as a bank can do. This meant multi-faceted working at several banks, including on the fundamentals of our economy, located in my Markus Heidenreich Deutsche Bank, Commerzbank native area. So I decided to join GLS Bank starting and KfW and lived in several from January 1st, 2010. German and foreign cities (i.a. Düsseldorf, Frankfurt, markus.heidenreich@gls.de New York, Johannesburg). My main activities in these Leonardo Becchetti (Prof. of becchetti@economia.uniroma2.it Economics, University of Rome The economic relevance of “Tor Vergata”, Italy) is born 31st Social Banking July 1965. He is full professor of (Tuesday 18:15) Economics at the University of Rome Tor Vergata, holds a Phd No one denies that macroeconomics, institutional at Oxford University, a M Sc. at reforms and infrastructures are fundamental London School of Economics to promote economic development and social and is President of the Ethical cohesion. In the traditional western democracies Committee of Banca Popolare grassroot voice on this issue was mainly limited Leonardo Becchetti Etica He teaches Finance and to the participation to political life and, for most Development economics in the Phd program and people, participation is limited to the electoral vote. Economics principles in the undergraduate program However, global integration of market economies, of his Faculty and offers courses of microfinance and the weakness of international institutions which fair trade in several other Universities. Leonardo are not directly elected and the lack of global Becchetti is author of about 300 works, which include governance rules aimed to address the issues of 11 edited books, 64 publications on international global public goods is making always more obvious journals, 52 publications on Italian journals, 73 that an economic system may not work by just chapters of books and several working papers. His waiting for such “top down” interventions. 18 current research interests are on impact analysis In addition to it, a longstanding tradition of participated of development projects, microfinance, fair trade, action of non governmental organisations has often economics of happiness, experimental economics. demonstrated that local community organisations, 19

which are closer to social problems and are and environmental value. This is only one example composed by motivated members, may tackle more for a more general principle that will inspire new effectively social and environmental problems. Such historical realisations which we still do not see at organisations have proven that they can do better the horizon today. The principle is, that the ultimate than the molochs of traditional welfare systems which masters of the present economic system are neither Speakers and Abstracts -Tuesday 20 July - Wednesday 21 July often deal anonymously with beneficiaries providing the governments nor large corporations. Both of them scarce contribution to the many times mentioned crucially depend on the vote of citizens, consumers immaterial factors (trust, self esteem, dignity) which and investors. This implies that we cannot complain we showed to be so important in promoting social when we see something that we do not like since the inclusion. ultimate responsibility for a change is on us and on These are the reasons why quality and effectiveness our decisions on the market. of intervention in social and environmental issues The existence of a potential does not mean that we in the future will crucially depend also on bottom- already have reached it, nor is it a guarantee that we up participation as well as on the synergies between will definitely be there one day in the future. It only participation of the civil society and local, national reminds us of an incredible opportunity to solve global governments and regulatory authorities. imbalances with simple everyday life choices. We We present Social Banking as main example of generally complain about the changes we would like this approach which has developed successful and to see in politics and economics without being aware sustainable models of creation of economic, social that we may be the main actors of that change. Lothar Lochmaier (Independent Social Banking 2.0 - the future of Finance? Writer, Germany), born 1959 (Wednesday 09:30) in South Germany near lake of Questions and Discussion: constance. Economic writer, The internet changes in a fundamental way the cha- Journalist and Blogger - he is racter of Social Banking. Banks are not anymore the specialised in topics around en- Master of the Universe. The customer is able to in- ergy, management and informa- fluence the whole value chain, already happening tion technology. Author of the through autonomous financial communities and so- Book „Die Bank sind wir“ - Chan- cial lending platforms. What could a bank loose and Lothar Lochmaier cen und Perspektiven von So- win, allowing more transparency and participation of cial Banking“. In his frequently the customer? What will be the future of the finan- updated weblog www.commonbanking.com he ana- cial sector, influenced step by step through a virtual lyses new trends in our banking system beyond clas- economy? What are the challenges and benefits for sical market perceptions. green banks, connecting with a decentralised “real lochmaier@gmx.de time economy”? 20

Evening topic: Labels and Ratings Axel Schmidt (GLS Bank, subsidiary of GLS Gemeinschaftsbank eG, the first Germany) is a Senior Project social and ecological bank worldwide when it was Wednesday 21 July - Speakers and Abstracts Manager at GLS Beteiligungs AG, established in 1974. responsible for renewable energy Mail: axel.schmidt@gls.de projects and climate protection The Value of Sustainability in product development. Social Banking Before that, he worked as a (Wednesday 17:30) Specialist for Commodities & Energy with Reuters. In recent years, the term „sustainability“ has become Axel Schmidt Since 1989, GLS Beteiligungs AG an omnipresent buzzword. Nevertheless, it is a core has pioneered the development value for social banks. It is an integral part of our and administration of sustainable closed-end mission statements, in our daily work and possibly investment companies, mostly engaged in renewable in our non-financial reporting. What is it that sets us energy generation. GLS Beteiligungs AG is a 100% apart from the rest? Dr. Olaf Weber (Associate Prof., What is the goal of measuring the social and ecological Export Development Chair impacts of banks? As those impacts are relative, in Environmental Finance, and social banks are mainly banks and no charity University of Waterloo, Canada; organizations, it mainly makes sense to measure the President of the Supervisory socio-ecological impacts of banks and their products Board of the Institute for Social and services in relation to the capital invested with Banking) holds the Export an impact. Furthermore, the measurement should Development Canada Chair be done in a way that makes it easy and accessible in Environmental Finance at for clients of social banks to calculate the socio- Olaf Weber the School of Environment, ecological impact they achieve with a certain. Clients Enterprise and Development, and other stakeholder should be able to calculate University of Waterloo. He was member of the the socio-ecological impact of the capital they have board of the Alternative Bank of Switzerland and of invested at a certain bank or in a certain product. the Institute for Social Banking and is management Only if those measures are transparent there is a partner at GOE, consultants for risk and decision fair investment decision possible. Thus for loans all making in Zurich, Switzerland. From 1993 until 2005 impacts, social and ecological, should be transparent he was researcher and head of the sustainable for all projects or enterprises that are borrowers of banking group at the Swiss Federal Institute of banks. Reporting only about positive impacts should Technology Zurich. His main research activities are be practiced. Furthermore, social banks should report environmental and sustainability risk management about the relation between capital invested with and sustainability impact measurement in banking socio-ecological impact vs. capital “parked” at other and the relation between sustainability and financial financial institutions because it cannot be invested performance of firms. in socio-ecological projects. Additionally social oweber@uwaterloo.ca banks should use measures that are comparable to Measuring the non-monetary (social and/or conventional banks to allow for a fair measuring of ecological) impact of banks: The value of „Labels“ the socio-ecological impact. and „Ratings“ (Wednesday 18:00) 21

Rosl Veltmeijer (Head of bank with office in the UK, Belgium, Germany and Research, Triodos Bank, Spain. Our aim is to exlusively finance companies Netherlands) is Head of and projects that add cultural value and that bring Sustainability Research at Triodos benefit to people and the environment. Bank. She started at Triodos in Rosl.Veltmeijer@triodos.nl Speakers and Abstracts -Wednesday 21 July - Thursday 22 July 2001, starting as a Sustainability Sense and Nonsense of Engagement Researcher and since early 2002 (Wednesday 18:30) in her current position. Prior to Triodos she worked for 9 years There is a lot of debate on shareholder rights and responsibilities. What are shareholder trends, how Rosl Veltmeijer-Smits at the Dutch Credit Insurance Company as underwriter, sales important is it that shareholders excercise their respresentative, account manager, customer service rights and what instruments are available. What are manager and project manager. She has a bachelor‘s the criteria/values Triodos applies to the investment degree in Business Economics and is currently a process, what is the experience of Triodos with student at the Integrated Masters Programme Social pushing the sustainability agenda, what dilemma‘s Banking and Social Finance. Triodos Bank is a Dutch does Triodos face and what is the added value of ratings are in the engagement process. Els Verhagen (Triodos Bank, Value driven Human Resources HR Manager) is the Head of Management” and „Competences of Social Bankers International HR at Triodos - views from the HR perspective of a Social Bank Bank since 2007. She studied (Thursday 09:30) Industrial Engineering, What are the implication of being a social, ethical or Management, Marketing and sustainable bank for the co-workers? Do we need a Cultural Anthropology. Her work certain type of co-workers, where can we find them experience stems from positions and how can we select them. And what does it mean as as a Senior Consultant, for Human Resources in our banks: are our policies Els Verhagen Manager and Organizational with regard to remuneration, ways of working, Development Manager at a development and training different from mainstream global consulting firm, as Financial & Logistics Director or not? at a global care products company, and as a Logistics In this morning I will give you Triodos’ view on Human Manager in a global pharmaceutical/care products Resources in a social, ethical, sustainable bank. company. From 2004 to 2005 Els took a sabbatical, What are our characteristics and also what are the during which she taught English to disabled women in challenges and pitfalls. Ghana and worked as a counselor in the Netherlands After the presentation and discussion you will be taking care of refugees. given the opportunity to work on this in small groups Triodos Bank was awarded as the „Most Sustainable in a creative way: how do you see “the perfect social Bank of the Year 2009“ by the Financial Times. banker”. human.resources@triodos.nl 22

Putting it all into practice Mirjam Fochler was born in Pathfinder: Putting it all into pratice - on an Thursday 22 July - Speakers and Abstracts 1986 in Munich, Germany. individual level She co-founded the Regional (Thursday 15:30) (Workshop I) Currency „Chiemgauer“ in 2002, „And now? After a 4 days learning journey of intensive started her studies in Business content and input, in this workshop you will find out Economics at the University your own „area of impact“. Witten/Herdecke in 2008 and Employing what has been discussed in the previous works at the Institute for Social days: What are the concrete next steps in your life Banking since summer 2009, to promote a more fair and transparent banking Mirjam Fochler where she primarily supports and financial system? Having in mind that change the organisation of the Summer happens on three levels - systemic, organisational and School 2010. Her interests are holistic approaches individual - and that everthing depends on choices of economics, systemic coaching/consulting, family of individuals in their respective positions, we will enterprises and innovative leadership resp. the focus on your very personal/individual possibilities influence of „integrative“ leadership on business to contribute to this change. Both in your personal performance. and in your professional „area of impact“. mirjam.fochler@googlemail.com The workshop will be held by Mirjam Fochler and Katharina Beck (see above). Change Management: Putting it all into practice - on an organisational level (Thursday 15:30) (Workshop II) The second workshop will inspire you towards change management on an organisational level. This workshop will be held by Chris Seeley (see above). Professor Stefano Zamagni 1973 to 1979 he was a Professor at the University (Prof. of Political Economics of Parma. Since 1979, Professor Zamagni has been at the Faculty of Economics of a Professor at the University of Bologna. Additional the University of Bologna and career-related activities in which Professor Zamagni Adjunct Professor of International has been involved include serving as a Visiting Political Economy at the Johns Professor at the University of Bocconi (Milan) from Hopkins University, Bologna 1985 to 2007, and as an Adjunct Professor at Johns Center, Italy) was born in 1943 in Hopkins University (Bologna Center) since 1983. He Rimini, Italy. He graduated from has been Director of the Department of Economics Stefano Zamagni Catholic University in Milan in at the University of Bologna from 1985 to 1993. 1966 and from 1969 to 1973 he Moreover, he was Dean of the Faculty of Economics spent a research period in Oxford at Linacre College. from 1993 to 1996, and a Visiting Professor at the On October 13, 1968 he married Vera Negri, and the State Victoria Bank of Deakin University in Australia. couple has two daughters, Giulia and Elena and four Professor Zamagni is the author of several books. grandchildren. In 1966 Professor Zamagni became For his fine accomplishments, Professor Zamagni an Assistant Lecturer at the Catholic University. From has been honored a number of times. Amongst 23

others he was named the McDonnel Distinguished Association” (Harvard University). He was appointed Scholar in Helsinki in 1992, and a Paul Harris Fellow (2007) President of the Italian Commission for Non by Rotary International in 1995. As befits a man of Profit sector, Milan. He is a member of the scientific this standing, Professor Zamagni was a member of committee of various economic journals and the Executive Committee of International Economy reviews. Speakers and Abstracts -Thursday 22 July Association (1989-1999) and the Steering Committee stefano.zamagni@unibo.it of Pontifical Academy of Social Sciences. Since 1991 The possibility and necessity of Social Stock he is a member of the Pontifical Council on Justice Exchange and Peace. He is a Fellow of the Academy of Sciences (Thursday 19:00) of Milan, the Academy of Sciences of Bologna and the Academy of Sciences of Modena. Fellow of the What is a Social Stock Exchange and why is it possible New York Academy of Sciences, New York. He was today, to create such an institution? Why is it President of ICMC from 1999 to 2007 (an NGO based necessary both for the non profit sector and for the in Geneva dealing with migrant and refugee issues) profit sector, to develop Social Stock Exchanges? and fellow of “Human Development and Capability Paul H. Dembinski (Prof. at Finance (1996) www.obsfin.ch. The mission of the University of Fribourg, Director of Observatoire de la Finance is to promote awareness The Observatoire de la Finance, of ethical concerns in financial activities and the Switzerland), economist and financial sector. Paul H. Dembinski is the founder and political scientist by training, editor of the bilingual journal entitled Finance & the is Professor at University of Common Good/Bien Commun (1998). Fribourg where he teaches dembinski@obsfin.ch International Competition and Finance, a servant or deceiver? Strategy. He is also a founding- (Thursday 19:00) Paul Dembinski partner of Eco’Diagnostic (1989) a Geneva-based independent economic research institute working for both public and private clients. He is also the initiator and Director of Foundation of the Observatoire de la 24

Silke Helfrich (Independent Introduction to Commons - and first steps to apply Writer, Germany; Editor of the concept to banking and finance “Wem gehört die Welt?: (Friday 09:30) Zur Wiederentdeckung der The crisis of economy, ecology and fairness demands Gemeingüter”) studied philology for a fundamental change. Everywhere new ideas Friday 23 July Speakers and Abstracts (french/portoguese) at the and initiatives are growing. Rethinking is worth it Karl-Marx-University Leipzig, and rewarded. It’s not an accident, that the political Germany. In 1990 she started scientist Elinor Ostrom won the nobel price for to focus her activities on Latin economics in 2009. She is a mastermind of the Silke Helfrich America and development economy of commons. Commons are the basement politics. Between 1999 and of our prosperity – even more directly than money. 2007, she was in charge of the regional bureau The current crises sharpen our consciousness for the of the Heinrich-Böll-Stiftung in Central America, existence and the meaning of commons. Mexico and Cuba. Currently, she works as freelance Silke Helfrich will provide insights into the modern journalist and expert for educational questions. She debate on commons. She will show, what „the tragedy runs the German Commonsblog: „Fundsachen von of the commons“ is and how a commons-based way der Allmendewiese“ and is co-editor of the news of production and living can look like. The direct link portal www.gemeingueter.de. In cooperation with to finance is obvious, money being the mirror of international experts on commons, she founded the our economic system. But ideas and initiatives are initiative „Commons Strategies“, that wants to bring growing...the debate on „money-commons“ has long the discussion about commons out into the public. begun... Silke.Helfrich@gmx.de www.commonsblog.de This speech and workshop will be held by Silke Helfrich and Antje Tönnis (see above). 25

How: Some of Our Methods How World Cafe Sunday, 18 July, 16.30 Moderation: Chris Seeley (see above) Brief Description The World Cafe is a method which makes use of an informal cafe for participants to explore an issue by discussing in small table groups. Discussion is held in multiple rounds of 20-30 minutes. The event is concluded with a plenary. Description The World Cafe is a creative process set in a cafe setting. The event either takes place in a actual cafe or else the room is set up to resemble one as much as possible: participants are sea- ted around small tables with tablecloths and tea, coffee and other beverages. The cafe ambiance allows for a more relaxed and open conversation to take place. Often participants are provided with pens and are encouraged to draw and record their conversations on the paper tablecloths to capture free flowing ideas as they emerge. Participants discuss the issue at hand around their table and at regular intervals they move to a new table. One participant (the table host) remains and summarises the previous conversation to the newly arrived participants. By moving participants around the room the conversations at each table are cross-fer- tilised with ideas from other tables. At the end of the process the main ideas are summarised in a plenary session and follow-up possibilities are discussed. The choice of question(s) for the cafe conversation is crucial for the success of the event. In general it is useful to phrase the questions in a positive format and in an open ended format to allow a constructive discussion. If participants do not find the questions for discussion inspiring the event is unlikely to be successful, it can therefore be good to develop the question together with some of the intended participants. Used For The World Cafe has been used in many different settings. It is good at generating ideas, sharing knowledge, stimulate innovative thinking, and exploring action in real life situations. The informal an deep conversations that the World Cafe encourages can lead to improved re- lationships between participants and between wider groups. The World Cafe provides an approach that facilitates authentic conversations about meaningful questions and makes the collective knowledge of groups accessible. It was developped out of a strategic dialogue about the future of the age of knowledge, that had been initiated more then ten years ago by Juanita Brown and David Isaacs from the US www.peopleandparticipation.net/display/Methods/World+Cafe 26

Open Space Methodology Description The single law, the ‘Law of Two Feet’ (or the Law Open space technology (also known as open space of Mobility) is explained: ‘If, during the course of the gathering, any person finds him or herself in How dialogue) has been used for two decades as a method for facilitating dialogue among people keen to focus a situation where they are neither learning nor on an issue that is important for them, but for which contributing, they must use their two feet and go to the way forward is unclear. The approach is based some more productive place’. The ‘final admonition’ on the theories of complexity, self-organisation and presented is ‘be prepared to be surprised’. open systems. The facilitator then asks people to come to the centre Open space technology sessions can be less than one of the circle, introduce themselves and tell everyone day long or continue for up to five days. The number else of one aspect of the session’s theme about which of participants can be small or big. They typically they are passionate. The person records this aspect conclude with a written report, often produced on a large sheet of paper along with their name and before the final session, and frequently have follow- a suggested time and place for discussing the issue, up communication activities between participants, before attaching the sheet to the wall. In this way, a such as blogs, email lists, and so on. first-draft agenda evolves. When all the issues for discussion have been posted, The facilitator of an open space technology session participants sign up for the groups with which they invites people to participate—people who are wish to be involved. At this stage, topics can be thought to be passionate about the topic and willing combined. Once this step is completed, the facilitator to work collaboratively with others on it. No agenda announces that she or he is departing, inviting the is prepared; instead, just a notice as to the topic or groups to get to work. The participants then gather issue to be worked on. in circles around designated topics. As discussion The key elements of the setting are one or more circles ends, people move to the next group of interest, and of chairs, with circles being seen as the ‘fundamental this process is repeated throughout the assigned geometry of human communication’. period. The groups do not have facilitators; they run The facilitator provides a welcome and outlines the themselves. A group participant takes notes on each purpose of the activity: the themes or issues to be session. At the end all groups come together and addressed. The four principles of the process are present their results, ideas or whatever developed explained: during the sessions. • whoever comes is the right people The method was developed by Harrison Owen. • whatever happens is the only thing that could have • whenever it starts is the right time • when it’s over, it’s over http://epress.anu.edu.au/dialogue_methods/mobile_devices/ch03s08.html 27

About Social Sculpture At the Summer School, we work with a Social Sculpture team. You might have asked yourself, what this is about. How See what the Oxford Social Sculpture Research Unit writes about it: The territory Social sculpture is a field of transformation It is a place of questions. Social sculpture is a territory where inner and outer work co-incide. It emphasises the role of imagination in transformative social process and the centrality of alternative modes It is about: of thought. • perceiving interrelationships Social sculpture is concerned with exploring • joined up thinking and practice strategies, methods and principles that enable us • enabling connective understanding. to see, understand and act imaginatively to shape a Joseph Beuys‘ ‚expanded conception of art‘ humane and ecologically viable world. The field of social sculpture derives in part from the work of Joseph Beuys, who proposed and stressed the need for an expanded conception of art in which every human being - in their inherent freedom, creativity and transformative power - is potentially an artist. Coming to know our freedom In this field our work connects the problems and challenges we face with the inner perspectives, values and habits that create them. Despite the fact that we are all affected by the conditions that surround us -many of which we have created- from a social sculpture perspective we are inherently free to change things. By acknowledging this freedom we see that ‚another world is possible‘ no matter how huge the tasks. And as we work towards something better, we create the means to shape a more humane and sustainable ‚sculpture‘. http://www.social-sculpture.org/the-territory.htm 28

Social Clowning the improvisations into the liminal, corridor spaces of the event. Contact is made. It becomes unclear With Chris Seeley and Robert McNeer we have two who is “acting” and who is “watching”. The clowns Social Clowns with us. We are very much looking aerate the event, like leavening dough to make good forward to hear their views on the programme. bread. How Four functions of the social clown… For a more detailed overview, please check the (or, the nature of the court gesture…) Summer School group at social-banking.ning.com 1 Memory Catalyst By embodying new information in emotion, image, and play, the clown helps channel it from fragile short- Your Contribution to the Summer term intellect to a more robust, grounded, embodied School! memory space. The clown disregards the linear The Summer School is supposed to be an inspiring sequence of the information as it was presented by event that keeps staying in your memory and that the lecturer and mixes up the imagery in ways which marks an initial point where thoughts, groups, reflect the ways we remember information as a non- initiatives etc. develop which contribute to the linear whole experience. change towards a value-based banking and finance. 2 Celebratory Evocation We want you to use the Summer School as much Through the playful imaging of (often subtle, as possible to meet people and build networks, to unspoken) present energies, the clown celebrates introduce, discuss and develop your real requests the unique qualities which each, and all of the and concerns and to have a really good week that participants carry. By witnessing and embodying this brings a lot of fun! energy, the clown brings a celebratory quality. This is Please feel free to offer your skills and competences not to be confused with a superficialising, ‘cheer up’ whenever you think, they might be of help. energy. Through her capacity to transpose image, the Use the Open Space sessions to offer a course dealing clown can enter, witness and echo with dignity and with your own or the most important subject to you respect, very intimate and solemn spaces. and find people who want to join you. 3 Medium for Unspoken Bring your instrument, your running shoes, your yoga Rob says: “I prefer this expression to the ‘corrective’ mat, other sportive materials, juggling balls, your attitude, in which the clown (gently or not) points out favourite books, your brush and easel, your camera, a our foibles. I think the clown, if anything, celebrates diary... whatever you like and whatever you think will our foibles. One simple example: the clown is often contribute to a good and creative atmosphere and to confused, a little lost. This gives body to the natural making this Summer School a special experience. confusion that people have when they’re confronted Use the opportunity of having the ISB team around with new ideas, often very densely structured, often you – talk to them about the MA Social Banking, in a new environment. The etiquette of conferences about other ISB-projects and training offers, about dictates that we ignore this, but the clown, by your ideas of and for the Institute, about your wishes revelling in it, gives us the permission to realise that and expectations... it is all a little confusing. The erotic / infantile is in its way sacred. The sacred and serious are not the same thing. Here, for me, the clown is not a corrective, but a medium as in séance.” 4 Leavening Through dissolving the boundaries between who is “audience” and who is “performer”, the clowns give permission for and bring play to the event participants. This generates a warm lightness to the proceedings and conference atmosphere which extends beyond 29

Literature • BankTrack, Mind the Gap: „Benchmarking credit policies of international banks“, July 2007. (Mind the gap II will probably be published in January 2010, follow-up at www.banktrack.org) • Becchetti/Borzaga: The Economics of Social Responsibility – The World of Social Enterprises“, May 2010 How • Beck: „Values in the banking industry“, ISB Series No. 5, published in „Sozialimpulse“, March 2010 • Beck/Kaeufer/Vandemeulebroucke: „Networking Social Finance“, June 2010 • Benedikter: „Social Banking and Social Finance: European Answers to the Economic Crisis“ • Boyle: „The Little Money Book“, 2003. • De Clerck: „Ethical Banking“, 2009. • Forum for the Future: „Rethinking Capital“, Juni 2009. • Guene/Mayo: „Banking and Social Cohesion: Alternative Responses to a Global Market“, December 2001 • Helfrich: „Wem gehört die Welt? Zur Wiederentdeckung der Gemeingüter“, March 2009 • Lochmaier: „Die Bank sind wir: Chancen und Perspektiven von Social Banking“, May 2010 • New Economics Foundation: „The Ecology of Finance“, November 2009. • Remer/Weber: „Social Banks and the Future of Sustainable Finance“, will be published in November 2010 • Scheire/Maertelaere, im Auftrag der Global Alliance for Banking on Values: „Report Banking to make a difference“, Juni 2009. • Strandberg: „Best Practices in Sustainable Finance“, Juni 2005. • Thielemann: System Error: Warum der freie Markt zur Unfreiheit führt“, December 2009 • Weber: „Bio Kapital – Die Versoehnung von Oekonomie, Natur und Menschlichkeit“, October 2008 We’re sorry that some of the literature is only available in German but we found it important to mention it. Further links of interesting websites and some of the articles mentioned above are available at NING in the „Reading“-group. A very detailed list of references is available at our website (www.social-banking.org) in the master’s section. 30

Logistics and what to bring Logostics and what to bring The Venue: Take the bus nr. 62 from the airport, direction main station Santa Maria Novella. For the Summer School 2010 we chose a beautiful You can also take the ATAF-bus, which is a cheaper venue: Villa la Stella. It is located in the hills near possibility. It Leaves every 25 to 30 minutes bet- to Florence. Here, most of the announced pro- ween 6:30 am and 11:30 pm. Phone: (0800) 42 45 gramme as well as the meals and other activities of 00 or (0800) 37 37 60. Tickets are available at the the week will take place. bar at the departure terminal. Villa la Stella, Via Iacopone da Todi 12, 50133 Flo- Taxi: takes about 30 minutes and costs 17 €. Phone: rence, Italy (055) 42 42/44 99. Website: www.villalastella.it Pisa airport Arrival You can take or the train or the bus (booking: www. The venue can easily be reached by car as well as by terravision.eu) from Pisa airport to the main station public transport from the Piazza San Marco near Santa Maria Novella. From the main station fol- to the train station Santa Maria Novella, Florence low the description above. downtown. For travelers coming from Europe: there are several good night-train options from various big By car European cities. Please check this possibility before Leave the highway at Firenze Sud and follow the si- taking the plane! The airport in Pisa is often the gns in direction Fiesole. After about 5 km the street better (cheaper) option than Florence airport when (Via San Domenico) begins going uphill. Follow the arriving by plane. Good Night Trains for example street another km uphill and then turn to your left leave from Munich via Verona, Bologna, Firenze to on the little street Via Jacopone da Todi uphill. Find Roma. the venue Villa la Stella at nr. 12. Please note: The ancient inner city of Florence is a Directions car-free area („zona a traffico limitato“). Without a special permission cars are not allowed within By train this area from Monday to Friday between 7:30 am Arriving at the main station Santa Maria Novella in and 7:30 pm and on Saturdays between 7:30 am Florence, your bus no. 7 with direction S. Domenico/ and 6 pm. Signs mark the area and cameras control Fiesole is leaving from Piazza San Marco (the bus- whether cars are permitted to enter or not. Tourists stop is named „La Pira“), which is easily to reach by who have booked hotels within this area can apply foot from the train station (about 13 minutes, see for a temporary permission (2 hours max.) at their map below). Leave the bus at the 12th bus stop hotel. The car has to be parked out of the area. „Via San Domenico 7“ (be careful – the 9th stop Please note that white-marked parkings are reser- is also called „Via San Domenico“ but you have to ved for natives. stay in the bus another two stops!). Cross the main street and follow the little street Via Iacopone da How to get to Villa la Stella from.. Todi uphill to nr. 12, Villa la Stella. The journey takes about 20 minutes. Hotel Albion: Hotel Albion is near to the central station Santa Ma- By plane ria Novella (600 m). The map below (Central Station Florence airport Santa Maria Novella There are several options to get to the main station Santa Maria Novella, Florence downtown: 50 31

Hotel Ungherese: Hotel Ungherese is near to Villa la Stella (1,7 km). Good to know The bus no. 7 stops at „Piazza Edison“ which is Opening hours about 200 meters from the hotel. Take 3 stops and leave at „Via San Domenico No. 7“. Then follow the Banks: Mon - Fr 8.20am-1.20pm and 2.45-3.45pm. Logistics and what to bring description above. Shops: 09.30am-1pm and 3.30pm-8pm. Big super- markets and stores normally don’t close during Public Transport noon time. Groceries are normally closed on Wed- nesday and Saturday afternoons. Some shops are The bus line no. 7: even open on Sundays. The bus line no. 7 starts at Piazza San Marco, the Prices stop is called „La Pira“. The bus leaves every 15 mi- Espresso: 0,90 € nutes (during the whole week), the last one leaves Glass of Wine: 2€ at 00:40 am. Glass of Water: 0,50€ The stops are: 1 La Pira, 2 Venezia – Hotel de la Icecream: 1,70€/2 balls Place, 3 Libertà – Mazzoni, 4 Luca Giordano – Jani- Weather: vitz Pubblicita, 5 Mille, 6 Mulino Biondi, 7 Volta 1, 8 Ferraris, 9 Edison (Hotel Ungherese), 10 Di San Do- Florence in July is real midsummer: much sun and menico, 11 Frullino, Forese Donati, 12 Di San Dome- heat and little rain. Temperatures are about 30 (or nico 7 (VILLA LA STELLA), ..., 20 Fiesole – Vinandro more) degrees during the day and about 18 degrees Osteria. in the night. Bus prices: Organic meals: Standard one-way ticket: 1,20 € (70 minutes) Breakfast will be served at your hotel. Lunch, dinner Day pass: 5 € and coffee breaks as well as the bar in the evening Multi-ride (Quattro corse): 4,50 € (4 times 70 mi- will take place at Villa la Stella most of the time (on nutes) Tuesday and Thursday, dinner will be served at Flo- 3days-ticket (biglietto tre giorni): 12 € rence downtown where the speeches and activities Ticktes can be bought at bars or „Tabacchi“ take place). We tried to organise organic food for the whole week and succeeded in most of the cases. Taxi: The cook at Villa la Stella will prepare typical Italian It’s almost impossible to stop a taxi. You can eit- cuisine – he already created a delicious vegetarian her call one or go to one of the taxi-places: Main menu. station, Parterre, Piazza della Libertà, Piazza della Repubblica, Piazza San Marco, Piazza Santa Maria What to bring: Novella, Piazza Santa Trìnita, Piazza Ferrucci und As it is going to be very hot, bring Porta Romana. • light clothes Taxi prices: • open shoes Basic rate: 3,20 € (called taxi: 5,10€) • sun screen Night tariff: 5,16 € • sun glasses Weekend and holidays: 4,03 € • sun hat Women get a „night-discount“ when they’re out alone (ask for sconto!) The landscape around Villa la Stella is beautiful, inviting to walks on mild summer evenings. So it might be good to bring also closed shoes. 32 51

What‘s next Stay in touch What‘s next After five days of intensive learning, meeting and developing, everybody will go home to her or his place and bring all these experiences with her/him. Our hope is, that the ideas and activities of the Summer School will spread to each of this places and create little areas of change in the everyday lifes of people around the world. We want to encourage you to use the ISB Social Banking and Finance Network to stay in touch with each other and to understand it as a kind of „neverending Summer School“. What has changed personally? We are very much looking forward to hearing about Any new developments in the area of Social Banking everything that develops out of the Summer School: and Finance? Are there any new projects and initiatives? Save the date: Summer School 2011 in Canterbury, UK From 3 to 8 July 2011, the 4th International Please find more information at www.social- Summer School on Social Banking will take place in banking.org/en/summer-school/summer-school- Canterbury, UK. We are more than happy to co- 2011, or ask Katharina Beck for more information. operate with Charity Bank (www.charitybank.org) You can also find a one-pager on the Summer School in this project. In 2011, we will dig deeper into the 2011 in your conference package. essential questions around money: What do we actually do with money? Where does it go? (Does it We would be very happy to welcome you there go somewhere without our knowledge?) How is again or if you spread the word amongst your it regulated? Who are the actors in the monetary friends and colleagues. system? How is money related to the growth imperative? The working title for 2011 is: “Money rules the world – who rules the money?”. 52 33

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