BERLIN, March 13, 2013 /CNW/ - The Global Alliance for Banking on Values
(GABV), a network of the world's leading sustainable banks, issued a
declaration outlining how the banking system should be transformed. The
sustainable banks call for a fundamental shift in how banks operate to
make them more transparent, sustainable and diverse.
Transparency. Only with transparency can trust be restored. All banks must provide
full transparency on their business models and use of client funds
using common standards.
Sustainability. Banks play a critical role in the transition towards a more sustainable
economy. Therefore social and ecological criteria must play a critical
role in the creation and use of financial products. All banks must use
indicators to report social and ecological impact which should also be
used within the regulatory framework.
Diversity. The diversity of economies, cultures and community needs a diverse
network of banks. Governments and regulators must include a diversity
of banks as an important goal in the process of reframing regulations
for the financial sector.
Peter Blom, Chair of the GABV and CEO of Triodos Bank: "We want to draw
on the successes of groundbreaking banks around the world to develop
the partnerships and genuinely innovative approaches necessary to forge
a financially viable future for banking."
Thomas Jorberg, CEO GLS Bank and member of the Steering Committee of the
GABV: "To change the financial system we need a vision that takes
social and ecological impact into account when making financial
decisions. This means that next to profit and risk, a banker also has
to judge the social and ecological impact in the real economy."
SOURCE: GLS Bank
For further information:
Christof Lützel, Press Secretary
Thomas Steiner, Press Secretary