The Work Index by Flexa

Shoal Limited

Shoal Limited is a UK-based fintech company that offers sustainable savings accounts with a focus on environmental and social impact.

https://joinshoal.co.uk/
4.9

/10

Transparency ranking

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Description

Shoal is a UK-based fintech company that offers sustainable savings products. Shoal is not regulated by the Financial Conduct Authority (FCA) but partners with regulated third-party institutions like Standard Chartered Bank, a leading international bank, and Contis Financial Services Ltd., part of Solaris Group, to provide its services. Shoal’s savings pots are FSCS protected through its partnership with Standard Chartered Bank, meaning customers are protected up to £85,000 in the event of a bank failure.

Shoal is committed to transparency and sustainability. Customers can see the impact of their savings by viewing the portfolio of sustainable projects their funds are supporting. Shoal’s mission is to make sustainable savings simple and accessible, allowing individuals to reach their savings goals while contributing to a more sustainable future.

Mission

Shoal Limited is a UK-based sustainable finance platform that aims to make saving money both financially rewarding and environmentally impactful. They offer a savings account that allows users to earn competitive interest rates while their funds are referenced against a portfolio of sustainable projects managed by Standard Chartered Bank. Shoal is committed to transparency and provides users with information about the specific projects their savings are helping to support.

Disruptor
Environmental impact driven
Improving quality of life/health
Social impact led
Sustainability
Tech for good

Culture

Shoal promotes a culture focused on sustainability and ethical financial practices. They are a Certified B-Corp, emphasizing their commitment to doing good for the world. Their mission is to provide a simple, transparent savings account that allows individuals to align their financial goals with their values by supporting sustainable development projects around the world. The company values transparency and communication, openly sharing information about their investments and impact.

DE&I

Shoal Limited's approach to diversity, equity, and inclusion is not explicitly stated on their website.

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