14 May 2012: The Green Economy Coalition (GEC), Global Alliance for Banking on Values (GABV) and Forum for Environment and Development (FoRUM) have launched a global consultation, titled “’Banking as if the future matters,” to identify key actions and policies that could help reshape the world’s financial system in support of achieving sustainable economies.

According to GEC, the consultation was launched in recognition that the current global financial system is not geared towards the long-term needs of people and the planet, and the need to address this situation in order to generate sustainable economies. The GEC notes that this issue is central to the transition to a green and fair economy, and therefore also must be central to discussions at the UN Conference on Sustainable Development (UNCSD, or Rio+20).

The consultation is targeted at experts from finance, academia, policy making and civil society. The results of the consultation will be published online, and five selected actions will be forwarded to governments and policy makers at Rio+20. [Green Economy Coalition News Release] [Banking Reform Consultation]