Since the Principles for Responsible Banking were launched, the community of banks has grown to represent over 40% of the global banking system by assets. This biennial Collective Progress Report provides a status update of the progress made by over 200 signatories in implementing the Principles across their activities, at the 1.5 year mark of the Principles’ initial 4-year timeline. It includes an independent view from the Civil Society Advisory Body, a 12-member body mandated to support signatory banks to implement the Principles and assess progress.
Inger Andersen, Under-Secretary-General of the United Nations
and Executive Director of the United Nations Environment Programme
Puleng Ndjwili-Potele, Interim Banking Lead
Siobhan Toohill, Group Head of Sustainability, Westpac Group | Co-Chair of Banking Board
Key insights from the report
The report shows how signatories are building the foundations to transform sustainable banking, establishing systems and policies in order to set targets.
It also shows that continued and accelerated action is needed from signatories. Suggested areas of improvement include enhancing the availability and quality of data, setting targets in line with improved impact analysis, and increasing action on critical sustainability issues such as biodiversity loss, equality and human rights.
Insights from the report will be used to further develop the work programme which will be to support banks in scaling up their progress and addressing these key challenges. The next collective progress report is scheduled for 2023. Download the report today.