April 28, 2016
Brave Move by GABV and VoiceAmerica Sees Launch of World’s First Radio Series About the Positive Side of Banking
the midst of the Panama Papers and multiple banking scandals the Global Alliance for Banking On Values has teamed up with VoiceAmerica in a brave move to launch the world’s first radio series dedicated to taking a behind the scenes look at the growing, global values-based banking movement that will revolutionise the banking sector in a positive and proactive way. Learn more.
March 23, 2016
‘Movement’ In The Banking Sector
Article written by Frans De Clerck for Mondiaal Nieuws and L’Echo.
…The GABV banks already use over €90 billion which they jointly control for this purpose. ‘By 2020 this movement and its partners can provide more welfare for 1 billion people’ says GABV Executive Director Dr Marcos Eguiguren. ‘Broadly?’ we asked him, but it turns out to be realistic when the welfare impact of social lending in the form of microloans to many large families, mainly in third world countries, is taken into account. If you add to this projects such as care for the elderly, health care and education, as well as the large number of renewable energy projects, and the power they deliver to millions of families, the impact is highly visible and calculable. The generous financing of the cultural sector includes projects with a combined audience reach which is mapped by GABV banks.
New sustainable banks, however, have difficulty getting established in these times of heavy global regulation, even of small and medium banks. This may dampen the expected growth. We can however expect that more existing co-operative banks will rediscover their roots or that banks that switch to sustainable activities will join the GABV and increase their growth rate. One thing is clear: the need to finance social and environmental projects that work towards a sustainable future is high and will continue to rise, especially as long as the big banks invest a large part of their resources on the financial markets….
Read the complete article.
Article courtesy of Mondiaal Nieuws . Learn more.
Article also covered by L’Echo. Learn more.
March 17, 2016
Open Source Banking! Vancity Publishes 5 Year Business Plan
Accelerating impact. A bolder progression of redefining wealth. The economy is changing faster than ever-more challenges, more opportunities. In a bold move Vancity published its business plan for transformational growth with impact.
‘We hope that you’re interested in joining us on this journey to make values-based banking a growing force for lasting positive change. We invite you to read our plan and share it.’
Article courtesy of Vancity. Learn more.
March 14, 2016
Why Do Banks Invest in Big Oil?
‘…How could green companies devoting resources to fight climate change deliver better financial returns than non-green ones? Is it because they use their sustainability information to make better decisions to cut costs and manage risks? Is it because their more engaged employees drastically lower turnover rate and brought big savings? (See: LoyaltyOne lower staff turnover rate by 12% and Employee Engagement Drives Sustainability Strategy.) I don’t know why. I don’t know the exact casual links. Other studies (e.g. Waddock, Orlitzky, Schmidt, Rynes) have also found that a company’s social performance and financial performance are correlated. Whatever the reasons, being green and sustainable has not led to reduced corporate profits. In some cases, profits go up. Sometimes way up.’
Article courtesy of The Energy Collective. Learn more.
March 10, 2016
B Corps, Banks and Solar Installations (featuring New Resource Bank & Beneficial State Bank)
‘Such companies are part of a growing approach that requires executives to take into account not just how decisions will affect profit and shareholders, but also how they will affect the public, generally defined as society or the environment.’
Article courtesy of The New York Times. Learn more.
March 10, 2016
Three GABV Credit Unions Commit to Reconciliation in Canada (Affinity, Assiniboine, Vancity)
Canadian members of the GABV (Saskatchewan’s Affinity Credit Union, Manitoba’s Assiniboine Credit Union, and BC’s Vancity Savings Credit Union) engage fully and meaningfully in First Nations and Aboriginal communities reconciliation.
Article courtesy of Assiniboine Credit Union. Learn more.
March 1, 2016
GLS Bank and Triodos Bank Feature In Fair Finance Guide Germany.
Article courtesy of Fair Finance Guide (Germany). Learn more.
February 1, 2016
GABV Advisers Consulted for New #BankingFutures Report.
Article courtesy of Good with Money. Learn more.
January 29, 2016
New Shareholders for BancoSol – Including Triodos Fair Share Fund and Triodos Microfinance Fund
Article courtesy of Triodos Bank. Learn more.
January 21, 2016
Banco Ademi: the First Bank in the Caribbean Supporting Social Values in all its Operations
Article courtesy of El Sol de Mexico (in Spanish). Learn more.