Principles for Responsible Banking

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Abstract
Regulatory Extracts from this
The Principles for Responsible Banking, created in 2019 through a partnership between founding banks and the United Nations, seeks to embed sustainable finance at the largest banks throughout the world, and is designed to help meet the UN’s Sustainable Development Goals and the Paris Climate Agreement. They ensure that signatory banks’ strategy and practice align with the vision society has set out for its future.
Extracts
Alignment: We will align our 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
Impact and Target Setting: We will continuously increase our positive impacts while reducing the negative impacts on, and managing the risks to, people and environment resulting from our activities, products and services. To this end, we will set and publish targets where we can have the most significant impacts.
Clients and customers: We will work responsibly with our clients and our customers to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.
Stakeholders: We will proactively and responsibly consult, engage and partner with relevant stakeholders to achieve society’s goals.
Governance and culture: We will implement our commitment to these Principles through effective governance and a culture of responsible banking.
Transparency and accountability: We will periodically review our individual and collective implementation of these Principles and be transparent about and accountable for our positive and negative impacts and our contribution to society’s goals.
Definitions

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