{"id":17936,"date":"2021-12-22T03:15:20","date_gmt":"2021-12-22T03:15:20","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=17936"},"modified":"2021-12-22T03:15:20","modified_gmt":"2021-12-22T03:15:20","slug":"3-ways-financial-institutions-can-make-the-world-a-better-place","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/3-ways-financial-institutions-can-make-the-world-a-better-place\/","title":{"rendered":"3 Ways Financial Institutions Can Make the World a Better Place"},"content":{"rendered":"
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Financial institutions are simultaneously responsible for perpetuating many of the systems that maintain the status quo and poised to reinvent those systems in ways that governments simply are not. With that said, below are 3 ways financial institutions can make the world a better place.\u00a0<\/strong><\/p>\n A green credit card is a standard credit card that the issuer creates and sells as an ecologically beneficial consumption instrument. A green credit card is distinguished by the fact that it minimizes or eliminates the environmental expenses associated with regular plastic cards, such as the cost of producing, transporting, using, and recycling plastic cards.<\/p>\n Importantly, issuers may also offer financial incentives to consumers seeking environmentally friendly consumption alternatives, such as decreased yearly fees and bonus reward points on particular purchases. Offering this sort of green credit card<\/a> to consumers makes sense for a variety of reasons. These cards add value by safeguarding or reinforcing a financial institution\u2019s reputation through low-risk transactions (low risk items merchants).<\/p>\n What\u2019s more, if you use public transportation frequently \u2013 such as buses, trains, and subways \u2013 you can earn bonus points (transit rewards). Many of these cards also give bank clients a chance to donate money towards causes they care about through percentage giveaway programs and partnerships with groups like the World Wildlife Fund.<\/p>\n The fundamental measure of an economy’s performance is not merely employment and income. A functioning and equitable economy provides an opportunity for all members to save for the future and acquire assets with long-term and possibly expanding worth, such as a home, a small company, or a well-funded retirement account.<\/p>\nPartner With Green Credit Card Companies<\/h2>\n
Socially Conscious Credit<\/h2>\n