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Partnering for Sustainable Finance

The Global Alliance for Banking on Values collaborates with large organizations, networks, and expert groups to promote a more sustainable financial system. Here are some of them: 

  • European taxonomy for sustainable finance

In collaboration with the European Federation of Ethical and Alternative Banks (FEBEA) and several networks and partners, the Global Alliance for Banking on Values monitors the development of the European taxonomy for sustainable finance, part of the Sustainable Finance Action Plan, which is a first, preliminary step towards a real change in the financial system. 

  • UNEP FI Principles for Responsible Banking.  

The Global Alliance for Banking on Values proactively contributes to the Principles for Responsible Banking of the United Nations Environment Programme Finance Initiative (UNEP FI), through meaningful and regular engagement with the UNEP FI Team. Following participation in the Civil Society Advisory group, in 2020 the GABV will endeavor to provide inputs on what might constitute collective progress and success for UNEP FI PRB’s signatories, nine of which are GABV members already operating under the highest standards in banking for positive impact and sustainability.

  • International Standards Organisation’s Technical Committee on Sustainable Finance 322

The Global Alliance for Banking on Values is an external liaison and expert in the Ad Hoc Group Terminology developing a glossary of terms in Sustainable Finance to aid common understanding and in the Future Standards Development Group. For the GABV, ISO/TC 322 is a platform for engaging with national standard organisations and contributing to advancing sustainable finance through specific and proven practices.

  • Change Finance Coalition 

The Global Alliance for Banking on Values subscribes to the Change Finance Coalition, an action-oriented civil society network of non-profit organisations and activists from more than 67 countries and 6 continents. Convened by the European NGO Finance Watch, this network brings together people and organisations to build a consistent and compelling story about why finance needs to changein order to deal with the big social, economic, and environmental challenges we’re facing today. 

  • Partnership for Carbon Accounting Financials (PCAF)

The Global Alliance for Banking on Values is a partner of the Partnership for Carbon Accounting Financials (PCAF), an industry-led initiative that helps financial institutions assess and disclose the greenhouse gas (GHG) emissions from their loans and investments through GHG accounting. Created in 2015 by Dutch financial institutions, the GABV helped globalised the PCAF methodology among its members in The Netherlands and North America in 2018, and scaled up globally in 2019 via the GABV’s Climate Change Commitment. Our role as partners of PCAF is to represent the views of frontrunner banks in the Steering Committee and to help provide traction to PCAF at a global scale through our global network.

  • TNFD Forum

The Global Alliance for Banking on Values has joined the Taskforce on Nature-related Financial Disclosure (TNFD) Forum. This Taskforce develops and delivers a risk management and disclosure framework for organisations to report and act on evolving nature-related risks. The TNFD Forum is intended to support the work of the Taskforce by ‘crowding-in’ access to a global, multi-disciplinary pool of technical expertise and practical market experience on which the Taskforce can draw to develop the framework. See the full list of Forum members.

Image by Pixabay.

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