Breaking new ground: PRB Signatories launch Portfolio Impact Analysis Tool for Banks and Guidance Document on Impact Analysis on 31 March. Click here to find out more.
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What are the Principles for Responsible Banking designed to achieve?
As society’s expectations change, banks must be transparent and clear about how their products and services create value for their customers, clients, investors, as well as society. The Principles for Responsible Banking help any bank – whatever its starting point – to align its business strategy with society’s goals.
The Principles provide the framework for a sustainable banking system, and help the industry to demonstrate how it makes a positive contribution to society.
They are accelerating the banking industry’s contribution to achieving society’s goals as expressed in the Sustainable Development Goals and the Paris Climate Agreement.
The Principles for Responsible Banking were launched by 130 banks from 49 countries, representing more than USD47 trillion in assets, on 22 and 23 September 2019 in New York City, during the annual United Nations General Assembly. More than 45 CEOs together with the UN Secretary-General attended the launch ceremony – watch the official launch here.
The Principles for Responsible Banking
The Principles for Responsible Banking Framework Documents:
• The Principles Signature Document, containing the six Principles for Responsible Banking and their Preamble. If your bank would like to become a Signatory of the Principles for Responsible Banking, this document needs to be signed by your CEO and sent to email@example.com;
• The Key Steps to be Implemented by Signatories, detailing key steps regarding impact analysis, target setting & implementation, and accountability your bank needs to take to ensure the effective implementation of the Principles for Responsible Banking;
• The Reporting and Self-Assessment Template, which guides banks’ transparency on their progress in implementing the Principles for Responsible Banking and on their impacts.
To access the Framework Documents in other languages, please click here
Guidance and Tools
The Guidance Document, will support banks in their implementation of the Principles and point to relevant resources, tools, frameworks and good practices.
The newly launched Guidance Document on Impact Analysis and Portfolio Impact Analysis Tool for Banks will provide support and guidance to banks as they get started with their impact analysis. Click here for more information.