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.<ref>{{cite book |last=Weber |first=Olaf |year=2018 |chapter=Financial Sector Sustainability Regulations and Voluntary Codes of Conduct: Do They Help to Create a More Sustainable Financial System |editor-last1=Crichton |editor-first1=Rohan |editor-last2=Kibsey |editor-first2=Stéfanie D. |editor-last3=Walker |editor-first3=Thomas |title=Designing a Sustainable Financial System: Development Goals and Socio-Ecological Responsibility |publisher=Springer International Publishing |page=390 |isbn=9783319663876}}</ref><ref>{{cite book |last1=Hampden-Turner |first1=Charles |last2=Trompenaars |first2=Fons |last3=Cummings |first3=Tom |year=2015 |chapter=The Global Alliance for Banking on Values (GABV) |title=Nine Visions of Capitalism: Unlocking the Meanings of Wealth Creation |publisher=Infinite Ideas |pages=209-238 |isbn=9781909652842}}</ref> The GABV consists of over 60 member banks, [[credit unions]] and [[microfinance]] institutions,<ref>{{Cite web|url=https://www.dhakatribune.com/business/2022/11/09/values-based-banks-put-people-and-the-planet-at-the-center-of-decision-making|title=‘Values-based banks put people and the planet at the center of decision-making’|date=November 9, 2022|website=[[Dhaka Tribune]]}}</ref> from a total of 44 countries. The group has 16 supporting partners.<ref>{{cite web|url=https://www.gabv.org/wp-content/uploads/2022/03/GABV-2021-Annual-Report.pdf|title=GABV ANNUAL REPORT 2021|website=GABV}}</ref> Its headquarters are in [[Amsterdam]], Netherlands.

Marcos Eguiguren from GABV said that values-based banking means putting "People before Profit"<ref>{{cite web |url=https://www.shareable.net/a-shareable-explainer-what-is-values-based-banking/ |title=What is Values-based Banking? |date=April 4, 2017 |publisher=Shareable}}</ref> 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.

The GABV was founded in 2009.<ref>{{Cite web|url=https://www.socioeco.org/bdf_organisme-643_en.html|title=Global Alliance for banking on values (GABV)|website=www.socioeco.org}}</ref> Its founding members were [[Triodos Bank]],<ref>{{Cite web|url=https://www.triodos.co.uk/articles/2019/the-global-alliance-for-banking-on-values---10-years-on|title=The Global Alliance for Banking on Values|first=Peter|last=Blom|website=[[Triodos Bank]]}}</ref> [[ShoreBank]], [[BRAC Bank Limited|BRAC Bank]], Mibanco Peru, [[Alternative Bank Switzerland]],<ref>{{Cite web|url=https://www.duurzaam-beleggen.nl/2022/10/25/alternative-bank-switzerland-en-triodos-bank-gaan-samen-duurzame-ondernemingen-financieren/|title=Alternative Bank Switzerland en Triodos Bank gaan samen duurzame ondernemingen financieren|date=October 25, 2022|website=Duurzaam Financieel|lang=nl}}</ref> [[Merkur Bank]],<ref>{{Cite web|url=https://via.ritzau.dk/pressemeddelelse/ny-direktor-i-merkur-bornene-har-abnet-mine-ojne-for-baeredygtighed?publisherId=13559979&releaseId=13641304|title=Ny direktør i Merkur: Børnene har åbnet mine øjne for bæredygtighed &#124; Merkur Andelskasse|website=[[Ritzau]]|lang=da}}</ref> [[GLS Bank]],<ref>{{Cite web|url=https://www.deutschlandfunk.de/gls-bochum-die-weltweit-erste-umweltbank-100.html|title=GLS Bochum - Die weltweit erste Umweltbank|website=[[Deutschlandfunk]]}}</ref> [[Banca Etica Adriatica]],<ref>{{Cite web|url=https://valori.it/gabv-tassonomia-sociale/|title=La GABV all'Europa: «Niente scherzi sulla tassonomia sociale, sia ambiziosa»|date=February 24, 2022|website=Valori|lang=it}}</ref> [[New Resource Bank]]<ref>{{Cite web|url=https://www.yesmagazine.org/democracy/2016/12/01/is-your-bank-funding-dapl-heres-how-to-find-one-that-isnt|title=Is Your Bank Funding Big Oil? Here’s How to Find One That Isn't|website=[[Yes! (U.S. magazine)|Yes!]] magazine)}}</ref> and [[XacBank]].<ref>{{Cite web|url=https://www.xacbank.mn/page/the-global-alliance-for-banking-on-values-gabv?lang=en|title=The Global Alliance for Banking on Values (GABV)|website=XacBank}}</ref> In 2010, the company had its first annual meeting in Bangladesh.<ref name="Korslund Spengler 2012 s828">{{cite web | last=Korslund | first=David | last2=Spengler | first2=Laurie | title=Strong, Straightforward and Sustainable Banking | website=The GIIN | date=15 March 2012 | url=https://thegiin.org/research/publication/strong-straightforward-and-sustainable-banking/ | access-date=22 April 2024}}</ref>

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.<ref>{{Cite web |date=2022-01-05 |title=2011: Lima Declaration |url=https://www.gabv.org/declarations/2011-lima-declaration/ |access-date=2022-03-17 |website=GABV - Global Alliance for Banking on Values |language=en-GB}}</ref>

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.<ref name="GABV scorecard 2014">{{cite web | title=Global Alliance for Banking on Values Advisor David Korslund and First Green Bank CEO Ken LaRoe Talk About Money & Spirit | website=3BL Media | date=13 January 2016 | url=https://www.3blmedia.com/news/global-alliance-banking-values-advisor-david-korslund-and-first-green-bank-ceo-ken-laroe-talk | access-date=22 April 2024}}</ref>

The ninth summit was held in [[Kathmandu]], Nepal in 2017.<ref>{{Cite web|url=https://kathmandupost.com/money/2017/03/07/nmb-banks-gabv-meet-from-today|title=NMB Bank’s GABV meet from today|website=[[Kathmandu Post]]}}</ref> This meeting concluded with the Kathmandu Declaration, a commitment to a long-term positive social impact towards renewing the whole banking system.<ref>{{Cite web |date=2022-01-05 |title=2017: Kathmandu Pledge |url=https://www.gabv.org/declarations/2017-kathmandu-pledge/ |access-date=2022-03-17 |website=GABV - Global Alliance for Banking on Values |language=en-GB}}</ref>

In November 2022, BRAC Bank hosted the group's 13th in-person summit, in [[Dhaka]], Bangladesh.<ref>{{Cite web|url=https://www.tbsnews.net/economy/banking/global-banking-alliance-summit-begins-dhaka-tuesday-527690|title=Global banking alliance summit begins in Dhaka Tuesday|date=November 7, 2022|website=[[The Business Standard]]}}</ref><ref>{{Cite web|url=https://www.thedailystar.net/business/economy/news/uphold-values-banking-3164016|title=Uphold values in banking|date=November 9, 2022|website=[[The Daily Star (Bangladesh)|The Daily Star]]}}</ref><ref>{{Cite web|url=https://thefinancialexpress.com.bd/trade/top-global-bankers-mass-gabv-summit-today-1667875684|title=Top global bankers mass GABV summit today|website=[[The Financial Express (Bangladesh)|The Financial Express]]}}</ref>

== Notable members ==

{{Div col |colwidth=20em}}

* [[Alternative Bank Switzerland]]

* [[Amalgamated Bank]]

* [[Bank Australia]]

* [[Bank Muamalat]]

* [[Beneficial State Bank]]

* [[BRAC Bank Limited]]

* [[Centenary Bank]]

* [[Cultura Sparebank]]

* [[Ecology Building Society]]

* [[ESAF Small Finance Bank]]

* [[GLS Bank]]

* [[Kindred Credit Union]]

* [[Lift Above Poverty Organization]]

* [[MagNet Bank]]

* [[National Cooperative Bank]]

* [[SDB bank]]

* [[Southern Bancorp]]

* [[Triodos Bank]]

* [[Unity Trust Bank]]

* [[Vancity]]

* [[Vdk bank]]

* [[Verity Credit Union]]

{{Div col end}}

==See also ==

* [[Small finance bank]]

== External links ==

[[Category:Ethical banking|*]]