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Global Alliance For Banking On Values
The Global Alliance for Banking on Values (GABV) is an independent association of 'values-based banks' with a shared mission to use finance to deliver environmental, social, and corporate governance (ESG) positive outcomes. The GABV consists of over 60 member banks, credit unions and microfinance institutions, from a total of 44 countries. The group has 16 supporting partners. Its headquarters are in Amsterdam, Netherlands. Marcos Eguiguren from GABV said that values-based banking means putting "People before Profit" These are banks that use money to deliver economic, social and environmental development. They set themselves apart from traditional banks based on where they put their customers' money, how they manage lending, such as by providing loans and services to sustainable projects, individuals, and entrepreneurs, and avoiding investing money in the pure financial and speculative economy, by support their local communities and the environment, and by how they treat their staf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental, Social, And Corporate Governance
Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is sometimes referred to as ''responsible investing'' or, in more proactive cases, ''impact investing''. The term ESG first came to prominence in a 2004 report titled "Who Cares Wins", which was a joint initiative of financial institutions at the invitation of the United Nations (UN). By 2023, the ESG movement had grown from a UN corporate social responsibility initiative into a global phenomenon representing more than US$30 trillion in assets under management. Criticisms of ESG vary depending on viewpoint and area of focus. These areas include data quality and a lack of standardization; evolving regulation and politics; greenwashing; and variety in the definition and assessment of social good. Some critics argue that ESG serves as a de facto extension of governmental regulation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
