Closing the Loop with Banking on Values
Our Industrial Partner, The Global Alliance for Banking on Values (GABV), is a network of banking leaders from around the world committed to change the financial system so that it is more transparent, diverse and supports economic, social and environmental sustainability. It is present in 40 countries, and collectively we serve 60 million customers, hold up to $200 billion USD of combined assets under management, and are supported by 80,000 co-workers.
On the eve of the UN Conference on Climate Change in Glasgow (COP26), the Global Alliance for Banking on Values (GABV) is calling on the financial sector as a whole to act faster, go further, and be more coherent against climate change. Next 3 November, values-based banks celebrate the 8th edition of international #BankingOnValues Day to advocate for an ambitious approach to climate change.
“You can't fix the climate without fixing finance,” says Martin Rohner, Executive Director of the GABV. “Our members commit to measure emissions and reduce them in line with the Paris Agreement, or faster. This means implementing strict exclusion criteria and divesting from non-essential activities that are harmful. But this still is not enough. The financial sector as a whole must act faster, go further, and be more coherent”, says Rohner.
Learn more about this event here>