FAIR FAIR was born from the merger between Finansol, a long-standing player in the social finance market, and Impact Invest Lab (iiLab), an associative platform dedicated to the experimentation and development of social impact investments.
FAIR unifies different stakeholders of social impact finance in France and is the French center of expertise in this field at an international level. Indeed, the association brings together more than 110 social enterprises, banks, management companies, NGOs, universities and committed individuals.
FAIR also manages a label, the Finansol label, which distinguishes social savings products from other savings products for the general-public. So far, almost 170 saving products have been attributed the Finansol label.
Exploring social impact investing in France
Social impact investing present across Europe in a variety of forms. In France, investments and financing that are based on a double bottom-line of return – a clearly social and/or environmental impact in addition to a modest financial return – fall under the term ‘finance solidaire’, that we will translate as social finance.
19th Barometer of social finance
Every year since 2003, Finansol (former name of FAIR) and La Croix have produced the French social finance barometer, which presents the key figures for social finance in France. Discover the trends in this roundup of the 2021-2022 edition. 2020 has been an exceptional year for social finance! With 837,000 new subscriptions, the total outstanding amount of social savings reached a peak of 20.3 billion euros, a 33% increase compared to last year.
Study on ‘90/10’ funds (2018)
Since their creation in France, in February 2001, social funds, commonly known as ‘90/10 funds’, have rapidly become the primary mechanism for collecting social savings. With oustanding amount of €8.6 billion as of 31/12/2017, total ‘90/10’ funds deposits have been multiplied by 5.5 in 8 years. This study looks at the evolution of ‘90/10’ funds 8 years after they were put into place. It focuses primarily on social employee savings funds, but also covers ‘90/10’ funds sold by banks and insurance companies. With the publication of this study on “90-10” funds, FAIR is looking, based on the transparency principle, to disseminate the knowledge of the social finance mechanisms, but also help the different stakeholders of the sector to improve existing products for individual savings.
The financial innovation towards solidarity
The Finansol label celebrated its 20th anniversary in May 2017 : it is the first label to emerge in the field of ethical finance and remains the only one in the field of social finance. This label was created to promote the social dimension of savings and finance. To mark the 20 year anniversary of its label, Finansol (former name of FAIR) published a document that retraces its emblematic financial innovations in social finance throughout that period. Each of which corresponding to one of the three social savings modes: solidarity-based citizen capital, sharing return savings and the social funds referred to as ‘90/10’ funds. Each chapter follows a common structure, and includes: