806: Francis Janes on Equitable Banking: Transforming Finance Through Moral Leadership

IN THE EPISODE

In this conversation, Francis Janes, Industry Relations Director at Beneficial State Foundation, explores how the financial services industry can drive meaningful change through diversity, equity, and inclusion. Drawing from Citibank's research on closing racial wealth gaps and his experience bridging grassroots organizations with banking institutions, he explains how banks must move beyond traditional models to actively engage with historically marginalized communities. Janes emphasizes the industry's responsibility to repair historical harms like redlining, advocating for a proactive approach where financial institutions enter communities to listen, build partnerships, and develop long-term economic solutions. Through personal insights and professional experience, he paints a vision of banking that prioritizes humanity and inclusion, while sharing hope in the next generation's capacity to drive systemic change.

Bard’s Graduate Programs in Sustainability cultivate leaders who break through existing systems, innovating solutions to critical social, environmental and economic challenges. 2023 marked the 20th anniversary of the first graduating class from M.S. in Environmental Policy degree at Bard CEP and the 10th graduating class from the Bard MBA in Sustainability program. The 2024 graduating MS EP, MS CSP, MEd and MBA classes brought the Bard GPS alumni community to over 500!

MEET THE SPEAKERS

Francis Janes:  
Francis leads the foundation’s industry relations strategy and develops partnerships to advance the field of social impact banking. Francis developed a strong understanding of the social and environmental impact of values-based banking while serving in the role of Vice President for Beneficial State Bank in the Seattle marketplace. He enjoys gardening, science fiction movies, musicals and hosting gourmet dinner parties.

Renay Loper:
Renay is a Clinical Faculty in Organizational Leadership for the Bard MBA in Sustainability, where she focuses on JEDI Transformation in the workplace. Previously, she was the Vice President of Program Innovation at PYXERA Global where she served on the Executive Leadership Team, led five country offices, drove the development of new business and programs, co-led the organization's work on inclusive circular cities, and advised corporate clients on their social impact strategies. Renay also led the organization’s ARC (Antiracist Collective) initiatives, which included internal and external efforts toward dismantling unjust systems. To this end, Renay created Rhetoric to Action, a series of conversations to bridge sectors toward collective action around social and racial justice.

Prior to PYXERA Global, Renay led the grassroots exchange and education grant portfolio at the Japan Foundation Center for Global Partnership, and has served in a variety of leadership roles in higher education, nonprofit, and business prior to that. Renay is an avid speaker and facilitator, has authored and edited numerous publications, including a resource journal, Student Affairs Professionals Cultivating Campus Climates Inclusive of International Students (Jossey Bass). Renay serves on the board of directors of nonprofits including Community Change, Harpswell Foundation, and Girl Rising.