Three years after Hurricane Sandy made landfall, Evelyn Stevens was still living on the second floor of her house in Rockaway, New York.
1 Billion Lives Impacted by Sustainable Banking by 2020
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.