Brac Bank is one of the founding members of the Global Alliance for Banking on Values and the only member to the forum from Bangladesh
Brac Bank Limited has reiterated its strong commitment to values-based banking while celebrating the Banking on Values Day, with 60 other members of the Global Alliance for Banking on Values (GABV), across the globe.
Every year, the alliance observes Banking on Values Day on November 7. This year's theme was "I Choose #BankingOnValues. Because I Care about Climate, Because I Care about Equality and Because I Care about Migrants."
This year carries special significance as the alliance marks its 10th founding anniversary, said a press release.
GABV members have one 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.
In terms of making a difference, the alliance focuses on doing different kinds of business the right way with the right partner – be it with an individual or an institution.
The GABV aims to do business with entities that use fewer environmentally harmful or resource-depleting raw materials.
On the occasion, GABV has launched a global photo-contest to highlight this year's theme. The contest is open to all. Three winners will get the Fairphone 3, the world's most environmentally friendly mobile phone.
Participants have to share carefully crafted images with the hashtag #BankingonValues in their Twitter or Instagram pages.
Brac Bank Managing Director and CEO Selim RF Hussain said, "As a member of GABV, Brac Bank believes in the philosophy of people, planet and prosperity, and works towards making the environment healthier and the planet more habitable for all through responsible financing.
"In line with our commitment to sustainability and care for the planet, we strive to contribute to reduce the carbon footprint of Bangladesh through its green financing and green initiatives," he added.
The GABV, founded in 2009, is a network of banking leaders from around the world, committed to advancing positive change in the banking sector.
Brac Bank is one of the founding members of GABV and the only member to the global forum from Bangladesh. Its collective goal is to inspire an ethical standard in the banking system so that it is more transparent, supports economic, social and environmental sustainability, and is composed of a diverse range of banking institutions.