LABORAL Kutxa, committed to value banking, is part of the Global Alliance for Banking on Values (GABV). It is the largest international network of ethical financial institutions with values that share a commitment to generate a positive impact on society and the environment, putting finance at the service of people and the Planet. GABV promotes an ethical, transparent and people-centred banking model, demonstrating that it is possible to combine profitability and responsibility. Being part of this alliance reinforces our cooperative vocation and our intention to build more prosperous, egalitarian and sustainable communities.
Likewise, in September 2019, we were one of the 130 founding signatory banks of the United Nations Principles for Responsible Banking. This initiative, set to become a benchmark within the sector, aims to define the commitment and responsibilities of the financial system in contributing to a sustainable future, in line with the Sustainable Development Goals and the Paris Agreement on climate change. These Principles provide the framework for the sustainable banking system of the future and help demonstrate how it contributes positively to society.