Principles for Responsible Banking

Environmental social and governance (ESG) - banking.

(PRB).

The Principles for Responsible Banking are a framework for ensuring that signatory banks’ strategy and practice align with the UN's Sustainable Development Goals (SDGs) and the Paris Climate Agreement.

Signatories commit themselves to:

1. Align their business strategy to be consistent with and contribute to individuals’ needs and society’s goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks.
2. Continuously increase their positive impacts while reducing the negative impacts on, and managing the risks to, people and environment resulting from their activities, products and services. To this end, to set and publish targets where they can have the most significant impacts.
3. Work responsibly with clients and customers to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.
4. Proactively and responsibly consult, engage and partner with relevant stakeholders to achieve the SDGs and the goals in the Paris Agreement.
5. Implement their commitment to these Principles through effective governance and a culture of responsible banking.
6. Periodically review their individual and collective implementation of these Principles and be transparent about and accountable for their positive and negative impacts and their contribution to the goals.

Source - United Nations Environment Programme Finance Initiative

See also

• Environmental concerns
• Equator Principles
• European Bank for Reconstruction and Development
• ESG investment
• OECD
• Paris Agreement
• Principles for Responsible Investment
• Principles for Sustainable Insurance
• Project finance
• Risk management
• Social concerns
• Sustainable Development Goals
• United Nations Environment Programme
• United Nations Environment Programme Finance Initiative

External link

Principles for Responsible Banking - UN Environment Programme