Thursday November 2nd is International Banking On Values day. Banking on values is about creating positive change in the world’s banking system.
As a member of the GABV - the Global Alliance for Banking on Values, Bank Australia is part of this movement which drives positive economic, social and environmental impact by influencing how banks and banking cooperatives serve human needs and the real economy.
This week in celebration of Banking On Values day we are teaming up with Teachers Mutual Bank, the only other Australian GABV member, to host an evening of discussion and dialogue about the role that banks should be playing in shaping a fairer, more sustainable future.
Held at UTS in Sydney, our MD Damien Walsh will be joined by Kate Smolski from the Nature Conservation Council of NSW, Melissa Proctor, Principal of Bass Hill Public School and Corin Millais and Steve James, both from Teachers Mutual Bank. The panel will be discussing issues related to purpose-led business with a focus on the difference values-based banks can and do make in the world.
Founded in 2009, the alliance collectively serves over 41 million customers. It is our shared mission to use finance to deliver sustainable economic, social and environmental development, with a focus on helping individuals fulfil their potential and build stronger communities.
GABV members all share the following 6 principles:
- Triple bottom line approach at the heart of the business model, bottom lines of people, planet and mutual prosperity.
- Grounded in communities, serving the real economy and enabling new business models to meet the needs of both
- Long-term relationships with clients and a direct understanding of their economic activities and the risks involved
- Long-term, self-sustaining, and resilient to outside disruptions
- Transparent and inclusive governance
- All of these principles embedded in the culture of the bank
To learn more about Bank Australia’s commitment to responsible banking.
For more information on how our partner members of the GABV are using banking to change the world, visit the GABV website.