Back to the news[chapeau]Every year, La Croix newspaper, in partnership with the Finansol association, publishes theSolidarity Savings Barometer, announcing major trends in the sector. This year’s barometer is dedicated to projects that are part of the ecological and social transition, carried out with resources from solidarity savings.[/chapeau]
The solidarity savings sector in France is showing strong growth, with total outstandings of €15.6 billion in 2019 (24% more than in 2018), driven by an increase in subscriptions to solidarity savings products across all collection channels: employee savings, bank savings and direct equity investments in solidarity businesses. “The figures are quite exceptional,” comments Jon Sallé, head of Finansol‘s Solidarity Finance Observatory. Social utility solidarity enterprises (ESUS) like SIDI marked the strongest growth, with total outstandings rising from €651 million to €812 million between 2018 and 2019.
Energy is the area in which outstandings have risen the most, particularly for energy transition projects such as renewable energy production plants. This year’s barometer also features initiatives in the environmental field (biodiversity preservation, renewable energy production, support for farmers), which already accounts for at least a quarter of solidarity financing.
Click here to see the figures for the 2020-2021 barometer
