Spring Bank: Transforming Banking for a Sustainable Future
We are excited to announce that we joined a collaborative and international network of mission-aligned financial institutions and leaders called The Global Alliance for Banking on Values (GABV). We are one of just a handful of banks invited to participate from the United States, including our colleagues and B Corp peers at Amalgamated Bank, Beneficial State Bank, and Sunrise Bank.
The collective goal of the GABV is “to make the banking system more transparent and support positive economic, social, and environmental change.”
The approach includes:
● Making the business case of values-based banks through thought leadership
● Setting the standard for triple-bottom-line finance through the GABV scorecard
● Addressing urgent challenges like climate change
● Driving systemic change through industry engagement
● Supporting leadership development through a leadership academy
● Sharing best practices at an annual conference and online gatherings
“We are excited to be joining an international network of like-minded banks. We hope to learn from other GABV banks about how to best utilize our unique position as capital providers to advance economic and climate justice. At the same time, we hope that we can contribute what we have learned over the past fifteen years as a mission-driven financial institution so that more of us in the financial services industry can be a part of the solution to economic justice and the climate crisis rather than part of the problem.”
— Demetris Giannoulias, CEO, Spring Bank