Global Alliance for Banking on Values
The Global Alliance for Banking on Values (GABV) is an independent network of banks and banking cooperatives with a shared mission to use finance to deliver sustainable economic, social and environmental development. The Global Alliance comprises 40 financial institutions world wide; serving 20 million customers; holding up to USD 110 billion of combined assets under management, and powered by a network of 42,000 co-workers per 2015.
The alliance was founded in 2009. Membership is based upon a charter to use finance to find global solutions to international problems—and to promote a positive, viable alternative to the current financial system.
The secretariat is headquartered at Triodos Bank in The Netherlands
The GABV serves as a Chief Executive Officer network providing a unique space for leaders committed to values-based banking to collaborate and inspire. It also provides learning and development opportunities for senior executives, experts and employees at member banks.
GABV works with key partners to further the common purpose, such as Netherlands Development Finance Company, SFRE Fund, MIT Community Innovators Lab (CoLab), UNEP, the Rockefeller Foundation who co-funded the early stages of the GABV Financial Capital and Impact Metrics programme, and Georgetown University who delivered a high-profile event imagining a better future for the banking industry in 2013.
GABV membership is based on the following set of criteria:
- Regulated Financial Institution – the proposed member is a financial institution regulated by an authority established under the government of its primary geography and it makes loans and accepts deposits;
- Core Business Values – the proposed member has a business model primarily driven by the Principles of Sustainable Banking with a double bottom line commitment but preferably a triple bottom line commitment of People, Planet, and Prosperity;
- Independent Stable Governance – the governance for the proposed member is stable ensuring ongoing ability to be committed to a business model consistent with the Principles of Sustainable Banking;
- Leadership Commitment – the proposed member’s senior management and Governing Boards have strong commitments to maintaining or expanding business activities consistent with the Principles of Sustainable Banking. The CEO (or equivalent) is committed to active participation in GABV activities;
- Financial Model Sustainability – the proposed member operates a financial model (earnings, capital, risk management, etc.) sustainable over the long term and resilient for responding to business challenges and opportunities;
- Expanding Impact Commitment – the proposed member has a commitment to growing the impact of its activities over time directly or indirectly.