New strategic directions

The Global Alliance for Banking on Values welcomed the increased attention on sustainability in finance most clearly exemplified by UNEP-FI’s Principles for Responsible Banking. As a movement of innovative leaders and frontrunners in the banking industry, who place integrity, human dignity and the protection of the environment at the core of their operations, we aspire to set the highest social and environmental standards and ethical practices for the financial sector.

We have come a long way over the last 10 years. At 63 members and 16 supporting partners, we are a vibrant community with meaningful engagements and increased visibility. Over the next 3 to 4 years, we will strategically pursue our vision of a world in which finance is at the service of people and planet. As illustrated in Figure 3, we will do so by leading in the co-creation of new frameworks and standards, being recognised as a force for good, and demonstrating that values-based banking is the model of the future. We will also focus on strengthening and empowering our members to measure and advance their transformational roles in their communities, while ensuring that we expand our reach and impact by inviting others with a demonstrable commitment to values-based banking to join our movement.

Figure 3. Pillars of Strategic Focus Source: GABV