Banking on Values Day 2023: Banks urged to Think Bolder to drive positive shift in global finance sector
• On 8 November 2023 the Global Alliance for Banking on Values (GABV), a movement of leading sustainable and inclusive banks worldwide, celebrates Banking on Values Day to promote a different kind of banking.
• The GABV calls on the financial sector to Think Bolder in its response to the climate emergency and in addressing social inequity.
• This year, the GABV is featuring a new report by Nyenrode Business University (Netherlands) that shows how values-based practices can drive system wide change in the banking sector.
Amsterdam, 8 November, In a year in which record temperatures were broken and inequality rises across the world, banks and financial institutions around the world are being urged to use this year’s Banking on Values Day to ‘Think Bolder’ and recognise the force for good that banking can have on a growing number of climate and social issues that the global community is facing.
Led by the Global Alliance for Banking on Values (GABV), Banking on Values Day is an annual event which seeks to reaffirm the crucial role that banks can play as a force for good. With a member base of over 70 banks and financial institutions operating in 45 countries, GABV seeks to use Banking on Values Day to transform the financial sector’s ways of working towards those that promote a greener, fairer future. As well as encouraging existing, authentic efforts to deliver lasting change, the GABV urges that collaborative action and bigger, bolder thinking is critical if we are to find innovative new approaches which can help drive a transition to a low carbon, inclusive economy.
A global virtual panel discussion will take place on 8 November with leaders from the Banking on Values movement about the limits and opportunities of ESG and how values-based banks implement a bolder approach to sustainability.