1 Billion Lives Impacted by Sustainable Banking by 2020

Commitment to Action

1 Billion Lives Impacted by Sustainable Banking by 2020

Commitment by

Triodos Bank, Global Alliance For Banking On Values

In March 2010, the Global Alliance for Banking on Values (GABV) members committed to reach one billion lives with sustainable banking by 2020. Through this CGI commitment, the GABV has committed to execute a five-prong strategy to deliver this goal. The GABV will: 1) grow its membership from 10 to between 50 to 100 banks, 2) raise at least $500 million in new equity capital for sustainable banking, 3) develop knowledge resources to strengthen member banks' capabilities and commitment to sustainable finance, 4) measure and report the impact of its member banks efforts, and 5) actively engage in public dialogues on banking issues. This expansion furthers sustainable banking by financing social entrepreneurs and community development initiatives, fostering environmentally conscious enterprises, fulfilling human development potential, and alleviating poverty.

A Year in Review: 11 Inspiring Moments from 2016

Dec 22, 2016

Since 2001, the Clinton Foundation has worked to improve lives around the world and build upon President Clinton’s legacy of public service.

This week: The Foundation’s Programs at Work

Oct 28, 2016

Here are the latest updates of some of the Foundation’s programs at work:

Tabs

Overview

Summary

Commitment

1 Billion Lives Impacted by Sustainable Banking by 2020

Launched

2010

Est. Duration

3 Years

Estimated Total Value

$500,000,000

Region

Oceania, Asia, Europe, Latin America & Caribbean, Northern America

Countries

Australia, BANGLADESH, BELGIUM, BOLIVIA, Canada, DENMARK, EL SALVADOR, GERMANY, ITALY, MONGOLIA

Commitment by

Triodos Bank, Global Alliance For Banking On Values

Partner(s) of the Commitment Maker(s)

Massachusetts Institute of Technology (MIT), The Presencing Institute, B Lab

Details

APPROACH AND METHODOLOGY
The GABV will realize this commitment through a five-prong strategy. The GABV will: 1) grow its membership from 10 to between 50 and 100 banks, 2) raise at least million in new equity capital for sustainable banking, 3) develop knowledge resources to strengthen member banks' capabilities and commitment to sustainable finance, 4) measure and report the impact of its member banks efforts, and 5) actively engage in public dialogues on banking issues.
In 2009, the GABV committed to raising million in new equity capital for supporting sustainable banking. To date, million has been raised. This new commitment will raise an additional million.
IMPLEMENTATION, TIMELINE, AND DELIVERABLES
The implementation is expected to continue through 2020 but by 2015 it is expected that 1) membership will have grown to at least 50 financial institutions whose business model is focused on sustainable banking, 2) million in new equity capital will have been raised for investment in sustainable banking, 3) a knowledge sharing network will be operational and courses for certifying sustainable banking practitioners will have been established, 4) metrics for measuring impact will have been agreed and results on these metrics for GABV members will be showing year-on-year improvements, and 5) the GABV will be a proactive participant providing a sustainable banking perspective in public dialogues on banking issues.

Background

The financial service sector, characterized by a general focus on short-term reported financial profitability, has gone through a multi-dimensional crisis over the recent past. This has lead to a lack of confidence, inadequate profitability, and over complexity. Together these issues have damaged the overall economic climate and meant inadequate financial support to meet the needs of the real economy and the development of human and community potential. The Global Alliance for Banking on Values focuses on the creation of a different, more sustainable approach for the financial sector.

Progress Reports

April 2013
As of the end of April 2013, the member banks of the Global Alliance for Banking on Values have raised over $880 million of new capital to support the growth of sustainable banking. This amount is far in excess of the target of $500 million. The GABV continues to look for innovative ways to secure additional patient capital to support the further growth of sustainable banking.