Rockefeller Foundation Funding to Develop Groundbreaking Sustainable Banking Fund

Press Release

The Global Alliance for Banking on Values, a network of the world’s leading sustainable banks, has received a grant of $200,000 from the Rockefeller Foundation for research to support the development of a new fund which could bring values-driven banking to the mainstream.

The fund intends to work with partners to measure sustainable banking’s impact in more standardized and meaningful ways, thus enabling fund investors to have a clearer, more immediate view of the social and environmental results of their investments, as well as their financial results.

Antony Bugg-Levine, Managing Director at the Rockefeller Foundation , said today; “This approach could potentially reinvigorate responsible, community-based banking models for future generations. By funding research to support the development of a new sustainable banking fund, the Rockefeller Foundation aims to grow a more sustainable financial industry; one that is capable of changing the lives of millions of people and safeguarding the environment they depend on.”