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Just Money
Book

Just Money

Mission-Driven Banks and the Future of Finance

Katrin Käufer and Lillian Steponaitis
MIT Press, 2021

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Editorial Rating

8

Qualities

  • Applicable
  • Overview
  • Background

Recommendation

Money matters: The way people spend and invest money doesn’t just affect them but also the rest of humanity. To secure a stable and thriving future for the world, critical innovations in financial institutions’ missions and products are essential, say sustainability experts Katrin Käufer and Lillian Steponaitis in this forward-looking work. They advise banks to adopt an “ecosystem perspective” in assessing their investments’ broader impacts on people, communities and the planet. This book’s power rests in its lucid guidance to financial professionals on operating a “mission-driven bank.”

Take-Aways

  • Financial institutions can help forge the future.
  • “Just Banks” can be agents for change.
  • Just Banks’ stakeholders must organize and manage their institutions differently from mainstream banks.

About the Authors

Katrin Kaufer is the director of Just Money at the MIT Community Innovators Lab at MIT. Lillian Steponaitis is a research affiliate in the MIT Community Innovators Lab and a special projects manager at the Self-Help Federal Credit Union.

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