UNEP FI’s banking membership is developing a set of Principles that will define the banking industry’s role and its responsibilities in shaping and financing a sustainable future. The set of guidelines aims to bring the banking industry’s operations into alignment with internationally agreed targets detailed in the UN’s Paris Agreement and the Sustainable Development Goals. The Principles – accompanied by an accountability framework – will enable banks to credibly demonstrate their contribution to society’s needs and challenges, respond to increasing expectations from shareholders and regulators, and help re-establish trust in the banking industry as a critical part of a sustainable economic system.
The process of developing the Principles is being led by a core group of 26 of UNEP FI’s member banks from 5 continents representing USD 16 trillion in assets. The group will draft the Principles in consultation with UNEP FI members, the wider banking industry, and a broad range of stakeholders such as civil society organizations, banking associations, regulators and other UN bodies. The draft Principles will be launched during the UNEP FI Global Roundtable 2018 on 26 November at Palais Brongniart, Paris, France and will then be open for a period of global consultation.
For more information, please Mrs. Simone Dettling ([email protected]).
Members of the Core Group (in alphabetical order):
Access Bank (Nigeria), Arab African International Bank (AAIB) (Egypt), Banco Pichincha (Ecuador), Banorte (Mexico), Barclays (United Kingdom), BBVA (Spain), BNP Paribas (France), Bradesco (Brazil), Commercial International Bank (CIB) (Egypt), First Rand (South Africa), Garanti Bank (Turkey), Golomt Bank (Mongolia), Hana Financial Group (South Korea), Industrial and Commercial Bank of China (ICBC) (China), ING (Netherlands), KCB Group (Kenya), Land Bank (South Africa), Nordea (Sweden), Piraeus Bank (Greece), Santander (Spain), Shinhan Financial Group (South Korea), Societe Generale (France), Standard Bank (South Africa), Triodos Bank (Netherlands), Westpac Group (Australia), YES Bank (India)