As the year draws to a close, the Global Alliance for Banking on Values (GABV) thanks all our member banks, supporting partners and friends of our movement for being Bold in 2023 and stepping up your efforts to use finance to deliver positive change during extraordinary times.
Throughout another year of change and challenge, the Banking on Values movement has continued to offer an antidote to conflict and division. It has boldly, and with care, acted continually in the interests of the communities our members serve and the environment we all depend on.
Together, we have embraced the idea and practice of ‘Banking on a Bolder Future’, the theme of our Annual Meeting in New York last April, hosted by Amalgamated Bank. This continued through a #Think Bolder campaign launched on Banking on Values Day in November, which celebrated a bolder, better way to bank, and called on the financial sector to transition into a sustainable and inclusive future.
We find ourselves at a critical juncture globally, faced with multiple challenges—conflicts, climate change and societal disparities. At the same time we have opportunities for transformative change. The upcoming 2024 GABV Annual Meeting, ‘The World at a Crossroads,’ hosted by Banca Etica in Italy from 26 to 29 February, will be an important moment to harness our collective power to leverage finance for a fairer, greener and more peaceful society.
Banks are in a privileged position to be part of the solution to some of our most pressing problems. Banking is a powerful force. From social inequality to the climate emergency, the banking sector has a choice: either ignore and exacerbate these issues or work together to help overcome them. But all our banks must think and act bolder. For example, by ending the financing of fossil fuels and increasing financing of renewable energy; or by excluding loans or investments in the production and trade in the arms industry.
In a spirit of unity and collaboration, let’s continue our journey forward, harnessing the power of values-based banking to help steer the world towards a brighter and more sustainable future.