Ten years after the 2008 crisis, Secours Catholique and Caritas published a report entitled “Finance for citizens: putting finance back at the service of the general interest”. The aim was to decipher the global financial system and its impact on inequalities. ” It was…
Ten years after the 2008 crisis, Secours Catholique and Caritas published a report entitled “Finance for citizens: putting finance back at the service of the general interest”. The aim was to decipher the global financial system and its impact on inequalities. “We realized that there was a maintained opacity, that finance was held by specialists”, recalls the Bordelaise Véronique Fayet, president of Secours Catholique at this time.
With Kaori, the association decided to take action. This association of savers must enable its members to access responsible savings products selected not only for their financial performance, but also their respect for social and environmental values. “It’s a very innovative idea. There were already solidarity savings funds, but there the savers will be able to make choices and influence through their decisions. »
2 Savings based on precaution and conviction
With Kaori, Secours Catholique is aimed at those who want to give meaning to their savings and do not necessarily trust their banker with their eyes closed. “We already know that some people buy shares in large groups to be able to participate in general meetings. There are people ready to commit. Society wants a real transition”, underlines Véronique Fayet, president of this new association which is in the process of being structured.
So no question of yields at 8% and risky investments. It will be for the members to constitute savings of precaution and of conviction by trying to direct the investments towards financing on the long term engaged in the ecological transition. “We know that it will take a long time to get things moving, but we are starting the process like when we attacked tax havens twenty years ago.
3 A portfolio reviewed every six months
The annual fee to join Kaori is set at 20 euros to reach a very large target. Membership of the association then makes it possible to take out a valuable life insurance contract. Kaori.vie is marketed by Asac-Fapes, a broker chosen for its involvement in the voluntary sector. With an opening threshold of 500 euros, this product allows you to invest your money in funds selected for their commitment to environmental criteria, respect for human rights and responsible governance.
For the time being, 27 management companies have integrated the list of investments from which savers can choose. But this selection is subject to change. The portfolio will be reviewed every six months at membership meetings and more often if necessary. “Each time, the ethical aspect will be taken into account, emphasizes Véronique Fayet. For example, if a fund has Orpéa shares. We will have to decide whether or not to take it off the list. But the saver can choose himself to withdraw it or keep it in his portfolio. »