As a movement of frontrunners, the Global Alliance for Banking on Values (GABV) wants to commit and influence the industry and its stakeholders to act further, go faster and be coherent in addressing climate change.
There is an increasing consensus about the critical role finance must play to address climate change. But there remains a profound disconnect between commitments and action. Enormous quantities of finance continue to flow to unsustainable activities.
We aim for a holistic understanding of the impact of climate change upon our clients and communities and how we can help them transform and adapt. Finance is here to serve people and planet, not the other way around. As frontrunners in sustainable finance, we must lead the way.
Read how we define our leadership in climate finance.
The GABV commits to strengthening our members in their transformation by providing resources and know-how, enabling knowledge sharing and exchange, and advocating for rules and regulations that are enabling and not hindering change.
Our members co-created the Climate Change Commitment (3C) initiative. Signatories voluntarily commit to measure and report the greenhouse gas footprint of their loans and investment portfolios within a period of three years.