An international group of bankers has pledged to provide financial products to one billion customers who have not had access to traditional banking services. The Global Alliance for Banking on Values, which consists of 11 sustainable banks, made this commitment at the end of a conference in Dhaka. Fazle Hasan Abed, founder-chairperson of BRAC and co-founder of the GABV, announced the pledge during a press conference, stating that it could have a significant impact on global efforts to combat climate change. Bank representatives from Asia to Latin America attended the three-day seminar in March to discuss building a sustainable future for the financial industry. The Global Alliance for Banking on Values (GABV), established in March 2009, utilizes finance as a means to provide sustainable development tools for underserved individuals, communities, and the environment. It represents approximately seven million clients in 20 countries, with a total capital of over $14 billion. The GABV has recently announced a plan to secure $250 million in new capital over a three-year period in order to facilitate a $2 billion increase in loans for environmentally-friendly projects and underserved communities worldwide. This funding is expected to come from a variety of sources, including current customers, institutions, and new investors. The alliance believes that expanding its network and establishing new member banks will enable them to reach more clients, as stated in their announcement. The members of the network aim to promote and showcase business models that prioritize solutions for urgent social and environmental issues. Peter Blom, who is the chair and co-founder of the GABV, emphasized the importance of raising more funds to invest in sustainable banking for the future. He believes that values-led banking can have a positive impact on the lives of one in six people within the next ten years. Participants from the member banks noted that increasing this capital significantly in the coming years will aid in achieving the goal of reaching one billion.