Show your support for the Principles for Responsible Banking
“Every bank should become a signatory, and all regulators, investors, policy makers and civil society should support the banking industry as it adopts and implements the Principles for Responsible Banking.”
~ Christiana Figueres, convener Mission 2020 and former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC)
The more banks that endorse and then adopt the Principles, the greater impact the banking industry will have in leading society to meet its goals for a sustainable and equitable future. Other key stakeholders such as banking associations, regulators, investors and civil society organizations can also support the initiative by becoming an Endorser.
Why become an Endorser
Becoming an Endorser sends a public signal of your support for the Principles for Responsible Banking.
As a bank it shows that you aspire to align your business strategy with society’s goals. And as a supporting institution, endorsing demonstrates your commitment to a more sustainable banking system.
A Bank as an Endorser of the Principles
Banks are encouraged to endorse the Principles before they are available to sign in September 2019. Banks that endorse the Principles will be listed on the UNEP FI website.
It shows that you are:
- Supportive of the initiative to establish the Principles for Responsible Banking
- Intend to sign the Principles within six months of the final Principles becoming available for signature
What is required for banks?
Your CEO signs a letter of endorsement
Your bank publicly announces its endorsement, with a quote from your CEO.
After September 2019, there is no endorser status for banks. From then, banks have to become a signatory to show their support for the Principles.
A Stakeholder as an Endorser of the Principles
Other institutions such as banking associations, investors, regulators/policymakers and civil society organizations are encouraged to endorse the Principles. Stakeholders that endorse the Principles will be listed on the UNEP FI website.
Becoming an Endorser shows you are supportive of the initiative to establish the Principles for Responsible Banking.
What is required for stakeholders?
You formally agree to communicate your support for the Principles initiative and promote the Principles in your network. This may be encouraging organizations to take part in the global consultation, co-hosting events or promoting the adoption of the Principles. Formal requirements:
- Your leadership signs a letter of endorsement for stakeholders
- Your organization publicly announces its endorsement.