The Global Alliance for Banking on Values (GABV) is a not-for-profit organization and independent network of banks and banking cooperatives. All members of the GABV have a shared mission to use finance to deliver sustainable economic, social and environmental development.
Verity decided to join the GABV in 2017. As a member, we take a triple bottom line approach to our banking, which means that people, planet and prosperity are at the heart of everything we do. This approach is reflected in our sustainable lending products and our credit union-wide commitment to volunteering in our communities. We are a value-based credit union, meaning that we put people before profit.
Founded in 2009, the GABV is made up of 54 members and 10 supporting partners operating on six continents. Collectively, the Global Alliance serves close to 50 million customers, holds up to $163.4 billion USD of combined assets under management and has close to 60,000 coworkers.
Verity, along with 27 other members of the GABV, recently pledged to track and monitor the carbon impact of our loans and investments over the next three years. This Climate Change Commitment aligns with the Paris Agreement goals to keep global temperature increases under control.
The Climate Change Commitment is a powerful example of how the banking industry can take steps to address the climate crisis impacting our planet. By assessing our carbon impact, we can make financial decisions to limit the emissions impact of our financed assets.
To learn more about Verity’s commitment and see what other financial institutions are participating, visit gabv.org