|Date joined:||15 June, 2020|
|Initiatives:||Principles for Responsible Banking|
The ProCredit group focuses on banking services for Small and Medium Enterprises (SMEs) in transition economies, is dedicated to an ethical corporate mission, and benefits from a strong reputation as an international development-oriented group of banks.
The group’s superordinated company is ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main; Germany. Through its business activities the group aims to provide a sustainable return on investment for its shareholders while making a contribution to economic, social and ecological development.
Minimising the negative impact on the environment and proactively promoting a sustainable way of doing business is an integral part of Procredit’s business strategy – not only in connection with lending operations or the provision of financial services to its clients, but also in its day to day operations as institutions.
For ProCredit, a responsible approach to banking in emerging markets goes hand in hand with financial stability and success over the long term. Through its business model policies and practices, ProCredit contributes to solving sustainable developmental challenges, and in this sense it strives to address many of the SDGs formulated by the United Nations. As set forth in SDG 17, the bank believes that SDG can only be realized with a strong commitment to global partnership and cooperation. By becoming a member of UNEP FI, which champions sustainable banking worldwide, ProCredit is expressing its commitment to contributing to sustainable global development. The Bank sees a common goal in sharing information on the latest trends, tools, policies, and practices in which it can together address challenges and develop opportunities for resilient sustainable growth.