Global Alliance for Banking on Values

The Global Alliance for Banking on Values (GABV) is an independent association of 'values-based banks' with a shared mission to use finance to deliver environmental, social, and corporate governance (ESG) positive outcomes.[1][2] The GABV consists of over 60 member banks, credit unions and microfinance institutions,[3] from a total of 44 countries. The group has 16 supporting partners.[4] Its headquarters are in Amsterdam, Netherlands.

Marcos Eguiguren from GABV said that values-based banking means putting "People before Profit"[5] These are banks that use money to deliver economic, social and environmental development. They set themselves apart from traditional banks based on where they put their customers' money, how they manage lending, such as by providing loans and services to sustainable projects, individuals, and entrepreneurs, and avoiding investing money in the pure financial and speculative economy, by support their local communities and the environment, and by how they treat their staff and customers.

  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 (eds.). Designing a Sustainable Financial System: Development Goals and Socio-Ecological Responsibility. Springer International Publishing. p. 390. ISBN 9783319663876.
  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.
  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. Archived (PDF) from the original on 2022-11-23. Retrieved 2022-11-23.
  5. ^ "What is Values-based Banking?". Shareable. April 4, 2017. Archived from the original on January 10, 2023. Retrieved January 10, 2023.