6 April 2020
UNEP Finance Initiative is providing a platform for banks to exchange experiences and ideas as they take responsible action to support society and businesses in this unprecedented crisis. UNEP FI is encouraging its members to share their experiences and contact their regional coordinator to tell us how they are responding.
To help support their customers and in turn communities in the most effective ways, UNEP Finance Initiative’s coalition of over 200 banks from over 60 countries has been sharing practices, solutions and lessons learned as they respond to the COVID-19 crisis and its economic impacts.
Delivering on their commitments under the global sustainable banking framework, the Principles for Responsible Banking, UNEP Finance Initiative member banks and signatories around the world are playing a crucial role in supporting our societies through the current crisis. They are taking extraordinary measures to support their corporate clients, retail customers, governments and communities and UNEP Finance Initiative is helping to facilitate a global knowledge exchange so that banks can learn from one another and rise to the challenges across the world. We have gathered a selection of examples from Principles for Responsible Banking signatories in every region around the globe of how they are:
- Supporting companies, large and small, to sustain their business during and beyond this crisis in line with Principle 3 of the Principles for Responsible Banking which commits banks to “work responsibly with clients and customers to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.”
- Partnering with governments in managing the economic and social impacts of the measures taken to contain the spread of the virus in line with Principle 4, to “proactively and responsibly consult, engage and partner with relevant stakeholders to achieve society’s goals.”
- Ensuring access to the key financial services and infrastructure that society relies on for everyday life.
Read the responses here.
Contact your regional coordinator to share the measures your company is taking to respond responsibly to COVID-19.
About the Principles for Responsible Banking
The Principles for Responsible Banking were developed by a core group of 30 founding banks through an innovative global partnership between banks and the UNEP Finance Initiative (UNEP FI). UNEP FI is the UN-private sector collaboration that includes membership of more than 240 finance institutions around the globe. More than 170 banks from around the world have now signed the new framework.
For more information, including infographics and videos, please visit the Principles for Responsible Banking webpages.
UNEP FI Contacts: