In a recent episode of the Edgehog Podcast, Martin Rohner, the executive director of the Global Alliance for Banking on Values (GABV), shared insights into how this network is transforming banking. By focusing on people and the planet over profit, GABV stands out in the financial world. This approach is reshaping how banks operate globally, prioritizing sustainability and ethical practices.
What is the Global Alliance for Banking on Values?
Martin Rohner leads GABV with a mission to revolutionize banking. Founded in 2009, the alliance now includes 70 member banks worldwide, from Canada to Papua New Guinea. This unique network unites CEOs from diverse financial institutions, including credit unions and microfinance banks. They all share a commitment to value-based banking.
GABV’s Impact on Global Banking
Under Rohner’s guidance, GABV promotes sustainable finance. It offers a platform for banks that want to use their resources to make a positive impact on the world. This movement towards ethical banking practices highlights a significant shift from traditional profit-focused models. The alliance’s approach encourages financial inclusion and supports projects like renewable energy and ecological farming.
The Role of Value-Based Banking
GABV has pioneered the concept of value-based banking. This model ensures that banks consider their impact on society and the environment with every decision they make. As Rohner explained, “Banks determine the future of our society by where they direct their funding.” By choosing to finance change and influence the larger financial system, GABV’s members aim to create a sustainable future.
Looking Ahead: The Future of Banking with GABV
As the financial industry continues to evolve, GABV’s role becomes increasingly crucial. Listen to Martin Rohner’s podcast episode on Edgehog to learn how leadership is steering the alliance towards greater influence and advocacy in the banking sector. The focus remains on creating a financial environment where ethical considerations stand at the forefront of business decisions.
By integrating sustainable and ethical banking practices, GABV is not only shaping the present but also paving the way for a future where finance serves as a force for good. This vision, championed by Martin Rohner and the Global Alliance for Banking on Values, offers a hopeful outlook for the global economy. Stay tuned for the second article on Martin Rohner’s podcast episode: Unique Banking Approaches Put People and Planet First.
