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GABV emphasises the importance of Paris Agreement and calls on its members to continue working to minimize impact of climate change

ZEIST, THE NETHERLANDS: The Global Alliance for Banking on Values (GABV), a network of the world’s leading values-based banks, emphasises the importance of the Paris Agreement, and the need to work together to minimize our impact on climate change.

 

There is a lot of discussion about climate change and how our activities affect it. We must remind ourselves, at this time, of the importance of the “Triple-Bottom-Line” approach which is at the heart of the business models of all GABV member banks. This approach focuses simultaneously on people, planet and prosperity. Products and services are designed and developed to meet the needs of people and safeguard the environment. Generating reasonable profit is recognized as an essential requirement of sustainable banking but is not a stand-alone objective.

 

The GABV is proud to play its role in the protection of the planet through the work of its members and partners. Each member continues to embrace a sustainable way of doing business and actively uses finance to do good in the world – for people, planet and prosperity.

 

“Our work is not done, we will continue to educate and influence other financial institutions to adopt the “Triple-Bottom-Line” approach, to help clients and consumers make good choices. We need to do more and reach more people. Every day, we show examples of how business can be done in a different way. In a way that has no impact on the environment and actually supports development of communities worldwide.”, stated Marcos Eguiguren, GABV executive director.

 

The Global Alliance, together with its members and partners, will continue to work to make the world of finance more sustainable, to minimize the effect we have on the environment, and to become a role model and inspiration for change in the financial world.

 

 

About the GABV

The Global Alliance for Banking on Values (GABV) is a network of banking leaders from around the world committed to advancing positive change in the banking sector. Our collective goal is to change the banking system so that it is more transparent, supports economic, social and environmental sustainability, and is composed of a diverse range of banking institutions serving the real economy.

 

 

 

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Jasmin Panjeta E: jasmin.panjeta@gabv.org     T: +31 61 525 4228          #BankingOnValues                             

 

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