Is this correct? I think you perhaps have it backward? If I compile something against the glibc on my system (Debian testing), it may fail to run on older Debian releases that have older glibc versions. But I don't see why an app built against glibc 2.12 wouldn't run on Debian testing. glibc actually does a good job of using symbol versioning, and IIRC they haven't removed any public functions, so I don't see why this wouldn't work.
More at issue would be the availability of other dependencies. If that old binary compiled against glibc 2.12 was also linked with, say, OpenSSL 0.9.7, I'd have to go out and build a copy of that myself, as Debian no longer provides it, and OpenSSL 3.x is not ABI-compatible.
> glibc does not provide ABI compatibility because from their perspective the software should be rebuilt for newer/older versions as needed.
If true (I don't think it is), that is a hard showstopper for most companies that want to develop for Linux. And I wouldn't blame them.