The Global Alliance for Banking on Values (GABV) takes a leading role in the debate about how to build a sustainable financial future, and fosters joint projects between its members to help deliver it. It is a both a talking and, crucially, a doing organisation.
We intend to deliver our ambitious goals through the following action tracks:
As well as attending events where it can influence the wider financial industry and its impact, the GABV arranges action-oriented meetings for its members. Our most recent meeting, which took place in March 2014, was hosted by bankmecu in Melbourne.
As well as contributing, where it can to research about its area of expertise, the GABV provides annual research comparing the performance of sustainable banks with the world’s largest bank. (click for report summary)
At the Clinton Global Initiative in September of 2009, the GABV made the following commitment.
‘The Global Alliance for Banking on Values will, over three years, assist its members and other sustainable finance institutions to secure $250 million in additional capital to support expansion of nearly $2 billion in lending to unserved communities and individuals, and green projects’. Find out more here.
The GABV acts at an individual level within banks, bilaterally between organizations (e.g. senior executive teams sharing their strategic plans), multilaterally through the development of joint action (BRAC Africa Fund), and collectively across the network of the GABV.
As well as promoting a new approach to finance on platforms like the Clinton Global Initiative, in October of this year, GABV Chair and CEO of Triodos Bank, Peter Blom spoke about the work of the Global Alliance at the United Nations Environment Programme’s Finance Initiative Roundtable meeting in Capetown, South Africa. These events are an opportunity to share how the network’s members deliver and the opportunities that their experience presents for a more sustainable future.