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Global Alliance For Banking On Values

Making a difference, locally and globally

In 2017, Verity joined the Global Alliance for Banking on Values, a network of banks and cooperatives with a shared mission to use finance to deliver sustainable economic, social and environmental development.

Founded in 2009, the GABV is made up of 62 members and 16 supporting partners operating on six continents. 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. 


Principles of values-based banking

Hand holding plant

Triple bottom line approach

People, planet, prosperity are at the heart of the business model

Washington state

Real economy

Grounded in communities, serving the local economy, enabling new business models to meet the needs of both

Person with access to money

Long-term resiliency

Self-sustaining through long-term outlook and resilient to outside disruptions

Magnifying glass

Transparency

Clear and inclusive governance

Group of people

Client centered

Long-term relationships with a direct understanding of economic activities and the risks involved

Puzzle pieces

Culture

All of the principles are embedded in the fabric of the financial institution

GABV logo

Climate Change Commitment 

In 2019, Verity, along with 27 other members of the GABV, 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.

Banking for good

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