UK Finance pledges support for UN responsible banking

UK Finance has pledged its support for the United Nations Environment Programme Finance Initiative’s ‘Principles for Responsible Banking’.

The six principles show how the banking industry can make a real difference in helping the UN meet its climate targets by setting out a framework for a sustainable banking system.

The six principles are:

  • Alignment – consistency between individuals’ needs and society’s goals
  • Impact & Target Setting – increasing positive impacts to people and the environment
  • Clients & Customers – encouraging sustainable practices
  • Stakeholders – proactively engaging
  • Governance & Culture – implementing commitment to the principles
  • Transparency & Accountability – reviewing and assessing the commitment and performance.

Caroline Stevenson