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Global Alliance for Banking on Values

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The Global Alliance for Banking on Values (GABV) is an organization of independent values-based banks.[1][2]

Structure[edit]

The GABV consists of over 60 member banks, credit unions and microfinance institutions,[3] from a total of 44 countries, serving more than 60 million customers.[citation needed] The group has 16 supporting partners, and in 2021 reported holding more than US$200 billion of annual revenue assets.[4] Its headquarters are in Amsterdam, Netherlands.

History[edit]

The GABV was founded in 2009.[5] Its founding members were Triodos Bank,[6] ShoreBank, BRAC Bank, Mibanco Peru, Alternative Bank Switzerland,[7] Merkur Bank,[8] GLS Bank,[9] Banca Etica Adriatica,[10] New Resource Bank[11] and XacBank.[12] In 2010, the company had its first annual meeting in Bangladesh.[citation needed]

The 2011 Lima Declaration demanded that value-based banks be recognized through appropriate regulation and not be adversely impacted by regulations intended to address issues related to mainstream banks.[13]

2013 resulted in the first International Banking on Values Day, the creation of the Europe and North America regional chapters, as well as the Berlin Declaration.[14]

In 2014, the GABV's scorecard, a set of common impact metrics, which allows banks to report their social impact of a bank through a harmonised method, was launched.[citation needed]

The ninth summit was held in Kathmandu, Nepal in 2017.[15] This meeting concluded with the Kathmandu Declaration, a commitment to a long-term positive social impact towards renewing the whole banking system.[16]

In November 2022, BRAC Bank hosted the group's 13th in-person summit, in Dhaka, Bangladesh.[17][18][19]

References[edit]

  1. Weber, Olaf (2018). "Financial Sector Sustainability Regulations and Voluntary Codes of Conduct: Do They Help to Create a More Sustainable Financial System". In Crichton, Rohan; Kibsey, Stéfanie D.; Walker, Thomas. Designing a Sustainable Financial System: Development Goals and Socio-Ecological Responsibility. Springer International Publishing. p. 390. ISBN 9783319663876. Search this book on
  2. Hampden-Turner, Charles; Trompenaars, Fons; Cummings, Tom (2015). "The Global Alliance for Banking on Values (GABV)". Nine Visions of Capitalism: Unlocking the Meanings of Wealth Creation. Infinite Ideas. pp. 209–238. ISBN 9781909652842. Search this book on
  3. "'Values-based banks put people and the planet at the center of decision-making'". Dhaka Tribune. November 9, 2022.
  4. "GABV ANNUAL REPORT 2021" (PDF). GABV.
  5. "Global Alliance for banking on values (GABV)". www.socioeco.org.
  6. Blom, Peter. "The Global Alliance for Banking on Values". Triodos Bank.
  7. "Alternative Bank Switzerland en Triodos Bank gaan samen duurzame ondernemingen financieren". Duurzaam Financieel (in Nederlands). October 25, 2022.
  8. "Ny direktør i Merkur: Børnene har åbnet mine øjne for bæredygtighed | Merkur Andelskasse". Ritzau (in dansk).
  9. "GLS Bochum - Die weltweit erste Umweltbank". Deutschlandfunk.
  10. "La GABV all'Europa: «Niente scherzi sulla tassonomia sociale, sia ambiziosa»". Valori (in italiano). February 24, 2022.
  11. "Is Your Bank Funding Big Oil? Here's How to Find One That Isn't". Yes! magazine).
  12. "The Global Alliance for Banking on Values (GABV)". XacBank.
  13. "2011: Lima Declaration". GABV - Global Alliance for Banking on Values. 2022-01-05. Retrieved 2022-03-17.
  14. "2013: Berlin Declaration". GABV - Global Alliance for Banking on Values. 2022-01-05. Retrieved 2022-03-17.
  15. "NMB Bank's GABV meet from today". Kathmandu Post.
  16. "2017: Kathmandu Pledge". GABV - Global Alliance for Banking on Values. 2022-01-05. Retrieved 2022-03-17.
  17. "Global banking alliance summit begins in Dhaka Tuesday". The Business Standard. November 7, 2022.
  18. Report, Star Business (November 9, 2022). "Uphold values in banking". The Daily Star.
  19. "Top global bankers mass GABV summit today". The Financial Express.

External Links[edit]


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