The project is already finished
Banking Be Green was the second of the 12 future fields that were worked on by the initiative "The Mission". Often not thought of, but banks can have a strong impact on sustainability in society. As an often long-term partner retail banks accompany their customers in various situations and decisions in life.
Keep on scrolling to find out how we have developed sustainable solutions for the banking sector together with Deutsche Bank.
For our second Mission: Banking – Be Green, Futury had brought together seven companies from the banking sector and other industries representing five different living environments. They had joined forces to support our innovative teams in finding sustainable solutions to help banking impact a more sustainable future.
After months of scouting for the best talents across all Germany and beyond, we found five excellent teams with diverse backgrounds but one common goal – to develop ideas that challenge the status quo of the food industry with their unique, innovative ideas.
We kicked off the project on the 20th of February 2020 at the Frankfurt School of Finance and Management. The teams presented their ideas to an audience of around 100 representatives of renowned German corporations. After getting the guests excited about the project, they met all the corporate partners for the “Banking” project the day after and discussed their ideas further in deep-dive sessions. After getting corporates’ approval for the ideas, teams rolled up their sleeves and headed to their co-working space at TechQuartier in the heart of Frankfurt to start making their ideas become a reality.
Futury and Bain supported the teams on a daily basis through various workshops and regular deep dives within the framework of the Futury Innovators Academy. Our corporate partners were by our teams’ side and provided their expertise and know-how to support the teams as much as possible in the realization of their concepts.
Right before the interim pitch, the ‘Corona’ situation becomes more severe, so we all had to pack our backs and head into home office. So, it was no wonder that our interim pitch was held fully remote via a webinar. The teams presented their interim results to the corporate partners and received comprehensive feedback digitally. The phase between the interim pitch and the final pitch was used intensively to develop a prototype and a business model, to test and to adjust.
At the beginning of May, Futury brought all the corporate partners and teams together for the last time, virtually and in person – Futury was able to set up a hybrid event. Our teams presented the final results of their hard work. They had surpassed all expectations of the corporates. Following the pitches, they had a chance to approach the teams and discuss the possible next steps for the ideas. We are very excited to share with you that some ideas will continue developing on their own in 2020 and beyond!
We look forward to keeping in touch with our Talents and see them develop further in their careers.
Have a look at the final pitch of the teams:
Different newspapers uploaded articles about our second Mission. Check them out here:
Our first Team was Team Budge - Naima, Quang, Mridul, and Niklas.
Their international and interdisciplinary team pursued one common goal: They would like to turn sustainably thinking people into sustainably acting people. That is why they were developing an app that would empower people to take environmentally friendly measures and support them by integrating sustainable habits into their everyday life. With the combination of a community and a gamification approach, they show that a change of habits is not always frustrating but can instead be fun.
What does this mean for you in your everyday life? By accepting a personalized "Challenge," they show you how to make daily, conscious decisions not only for the environment but also for your wallet.
They encourage individuals and companies alike to take on sustainability challenges and compete against the community. Along the way Budge shows you the true impact that your daily life choices have. With a light and easy design, the app is fun to use and with our big offer of tips & insights you can educate yourself more around the topic of sustainability.
Team Budge joined a follow-on validation program with our partners Founders Intelligence, Deutsche Bank, Zurich, Kaufland and DWS.
Check out their video here:
Our second Team: Nadine, Sofia, Adele and Marius
Sustainonomics is an innovative platform that provides information on sustainable finance for all stakeholders interested in transforming our financial system towards more sustainability. With their podcast and a website filled with useful information, links, courses and events about sustainable finance, they want to enable the next generation to put the insights on sustainable finance into practice.
Let's meet the third team that consists out of Niklas, Jasmin, Hari, and Saikrishna- who together build Team Your Choice. Your Choice enables people to make more sustainable choices when they shop groceries. Their App is suggesting sustainable product alternatives based on consumer preferences. The Ranking relies on scoring of products based on certificates / labels and they have been exploring around incentive systems, personal data collection and payment function integration.
Check out their video here:
Team Mobility! Our three talents Linda, Markus and Nikhil.
Drive ‘N’ Safe incentivizes car drivers to save fuel and drive more sustainably.
Their App is built around incentive systems based on a cars eco-score to reward more sustainable driving behavior. Incentive options such as financial rewards and community and gamification incentives were explored. The Initial focus is to target leasing clients (50% of German market) both corporate & private.
Yaprak, Francisco, Alessandro, and Simon were a four-person team of four nationalities with backgrounds, careers, and specializations that could hardly be more different. However, they were pursuing one common goal together in the Futury innovation project: a sustainable solution in the field of insurance and investment for financial security in the retirement age. What resulted was their final solution Impact4Real:
Impact4Real makes sustainable investing more appealing to people who value sustainability. It isan App educating (young) people about basics of sustainable investing and existing impact / ESG assets for retail investors. They make use of gamification to educate and incentivize users to invest. It is important to mention that the solution does not act as financial advisor but would refer users to brokers for actual investment.
The Handelsblatt Research Institute accompanies every Mission with a Trend Radar. The Trend Radar of "Banking - Be Green!" analyses possible development scenarios for the Banking & Finance industry: Is the future of finance green? How will the Corona-crisis affect the global economy? Will sustainable approaches be supported by targeted aid programs, or will the health and economic crisis eclipse people's climate awareness?
In this edition, you will also learn about the innovative solutions our "Banking - Be Green" teams and corporate partners developed in the three-month project.
In The Mission, you have motivated and driven young talents on the one side and big established companies on the other side. Bringing them together creates an incredible microcosmos where you can really change things.
Besides an energizing team spirit, you become part of a potential new start-up in a setting incomparable to anything else. Or can you think about a place where you get all the freedom you need to be creative and being paid for creating your own company?