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Global Alliance – For Banking on Values ~ Rio+20 risks irrelevance without reform   2 comments

The GABV co-launched four practical policies to shift the financial system from a short to a long-term focus at the Rio+20 conference today……

CEOs from the Global Alliance for Banking on Values(GABV) – a network of the world’s leading sustainable banks, the Green Economy Coalition (GEC) – the largest civil society alliance working on green economy, and the Norwegian Forum for Environment and Development (FoRUM) announced four practical proposals as part of a new initiative ‘Banking because the future matters’ at a specially convened event on the eve of a major United Nations conference, Rio+20, in Brazil. The proposed measures would deliver a profound shift in the financial system from one primarily focused on short-term wealth creation, to one wholly focused on long-term resilience and prosperity. They are:

To incentivize private institutions and create new public ones to offer sustainable products

Promote diversity to increase innovation

Improve long-term, sustainability reporting

and, discourage speculative activities with no social benefit.”

via Global Alliance – For Banking on Values ~ Rio+20 risks irrelevance without reform.

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Posted June 18, 2012 by arnoneumann in Rio+20, Social_Innovation

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