Service Description

United Nations Environment Programme Principles for Responsible Banking (UNEP PRB) are a unique framework for ensuring that signatory banks' strategy and practice align with the Sustainable Development Goals and t the e Paris Climate Agreement. The six Principles that make up the framework were created in 2019 through a partnership between founding banks and the d the UN Who reports? Signatories are asked to commit to embedding the six Principles across all building areas, at the strategic, portfolio and transactional levels. Signatory banks must report by latest 18 months after signing the Principles, and annually thereafter Benefits Governance and Responsibility. The framework emphasizes governance at the board/CEO level ensuring a high-level commitment to the goal of achieving net-zero portfolio emissions. It also highlights the responsibility for the implementation of the commitment and strategy, fostering accountability among decision-makers The Six Principles 1. Alignment Banks commit to 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 Pans Climate Agreement and relevant national and regional frameworks. 2 Impact and target setting: Banks commit to continuously increase their positive impacts while reducing the negative impacts on, and managing the risks to, people and the environment resulting from their activities, products and services 3 Clients and customers: Banks commit to work responsibly with their clients and customens to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations. 4 Stakeholders: Banks commit to proactively and responsibly consult, engage, and partner with relevant stakeholders to achieve society's goals. 5 Govemance and culture; Banks commit to implementing these principles through effective governance and a culture of responsible banking 6 Transparency and accountability Banks commit to periodically review their individual and collective implementation of the principles and be transparent about and accountable for our positive and negative impacts and our contribution to society's goals