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href="https://www.unepfi.org/investment/investment/" class="nav-link has-featured-content ">Investment Leadership Programme</a></li> <li id="menu-item-53639" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-53639 position-static"><a data-featuredID="42372" href="https://www.unepfi.org/net-zero-alliance/" class="nav-link has-featured-content ">Net-Zero Asset Owner Alliance</a></li> <li id="menu-item-54711" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-54711 position-static"><a data-featuredID="42372" href="https://www.unepfi.org/legal-framework-for-impact/" class="nav-link has-featured-content ">A Legal Framework for Impact</a></li> </ul> </li> <li id="menu-item-65785" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-65785 position-static"><a data-featuredID="65785" href="https://www.unepfi.org/policy-and-regulation/" class="nav-link has-featured-content ">Policy and Regulation</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-77388" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-77388 position-static"><a data-featuredID="65785" href="https://www.unepfi.org/policy-and-regulation/csrd-esrs-implementation-programme/" class="nav-link has-featured-content ">CSRD/ESRS Implementation Programme</a></li> <li id="menu-item-71005" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-71005 position-static"><a data-featuredID="65785" href="https://www.unepfi.org/policy-and-regulation/regional-inititatives/" class="nav-link has-featured-content ">Regional Inititatives</a></li> </ul> </li> </ul> <div class="menu-featured-content mr-auto"> <div class="featured-content" id="featuredContent34082"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/regions/europe/unep-fi-to-support-csrd-implementation-by-leveraging-principles-for-responsible-banking-requirements/" title="UNEP FI launches new resources to support CSRD implementation by leveraging Principles for Responsible Banking requirements"><h5>UNEP FI launches new resources to support CSRD implementation by leveraging Principles for Responsible Banking requirements</h5></a> <p>UNEP FI has launched an ESRS Interoperability Package which helps banks</p> </div><div class="post-highlight"> <a href="https://www.unepfi.org/industries/banking/responsible-banking-priorities-and-blueprint-for-a-sustainable-future/" title="Responsible Banking - Priorities and Blueprint for a Sustainable Future"><h5>Responsible Banking - Priorities and Blueprint for a Sustainable Future</h5></a> <p>Leading responsible banks are transforming the finance sector through four</p> </div></div> <div class="featured-content" id="featuredContent51930"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/insurance/insurance/" title="Principles for Sustainable Insurance"><h5>Principles for Sustainable Insurance</h5></a> <p>About Launched at the 2012 UN Conference on Sustainable Development,</p> </div><div class="post-highlight"> <a href="https://www.unepfi.org/insurance/insurance/projects/" title="Priorities and Initiatives"><h5>Priorities and Initiatives</h5></a> <p>The insurance industry’s core business is to understand, manage and</p> </div></div> <div class="featured-content" id="featuredContent42372"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/industries/target-setting-protocol-fourth-edition/" title="NZAOA Target-Setting Protocol Fourth Edition"><h5>NZAOA Target-Setting Protocol Fourth Edition</h5></a> <p>With this release, the Net-Zero Asset Owner Alliance has published four</p> </div><div class="post-highlight"> <a href="https://www.unepfi.org/industries/to-serve-net-zero-clients-asset-managers-need-a-systematic-approach-to-climate/" title="To serve net-zero clients, asset managers need a systematic approach to climate"><h5>To serve net-zero clients, asset managers need a systematic approach to climate</h5></a> <p>Geneva, 6 February - The UN-convened Net-Zero Asset Owner Alliance</p> </div></div> <div class="featured-content" id="featuredContent65785"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/themes/climate-change/turning-point-how-policymakers-can-shift-the-trillions-needed-for-the-net-zero-transition/" title="Turning point: How policymakers can shift the trillions needed for the net-zero transition"><h5>Turning point: How policymakers can shift the trillions needed for the net-zero transition</h5></a> <p>Net-zero can only be achieved through systemic change. It is time to move</p> </div></div> </div> </div>  </div>  </div>  </div> </li> <li id="menu-item-31781" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children dropdown nav-item nav-item-31781 position-static"><a href="#" class="nav-link">Key Themes</a> <div class="dropdown-menu multi-column columns-3"> <div class="row"><div class="container"> <div class="d-flex justify-content-between"><ul class=" depth_0"> <li id="menu-item-52535" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-52535 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/climate-change/climate-change/" class="nav-link has-featured-content ">Climate Change</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-51938" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51938 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/net-zero-alliance/" class="nav-link has-featured-content ">Net-Zero Asset Owner Alliance</a></li> <li id="menu-item-51932" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51932 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/net-zero-banking/" class="nav-link has-featured-content ">Net-Zero Banking Alliance</a></li> <li id="menu-item-71779" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-71779 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/climate-change/net-zero-export-credit-agencies/" class="nav-link has-featured-content ">Net-Zero Export Credit Agencies Alliance</a></li> <li id="menu-item-75437" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-75437 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/forum-for-insurance-transition-to-net-zero/" class="nav-link has-featured-content ">Forum for Insurance Transition to Net Zero</a></li> <li id="menu-item-75245" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-75245 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/risk-centre/" class="nav-link has-featured-content ">Risk Centre</a></li> <li id="menu-item-51928" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51928 position-static"><a data-featuredID="52535" href="https://www.unepfi.org/climate-change/climate-change/" class="nav-link has-featured-content ">More…</a></li> </ul> </li> <li id="menu-item-31786" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-31786 position-static"><a data-featuredID="31786" href="https://www.unepfi.org/nature/nature/" class="nav-link has-featured-content ">Nature</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-75244" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-75244 position-static"><a data-featuredID="31786" href="https://www.unepfi.org/risk-centre/" class="nav-link has-featured-content ">Risk Centre</a></li> <li id="menu-item-52527" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-52527 position-static"><a data-featuredID="31786" target="_blank" href="https://www.unepfi.org/blue-finance/#new_tab" class="nav-link has-featured-content ">Ocean Finance</a></li> <li id="menu-item-56065" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-56065 position-static"><a data-featuredID="31786" href="https://www.unepfi.org/nature/food-systems/" class="nav-link has-featured-content ">Food, Forests & Land</a></li> <li id="menu-item-51945" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51945 position-static"><a data-featuredID="31786" href="https://www.unepfi.org/nature/nature/" class="nav-link has-featured-content ">More…</a></li> </ul> </li> <li id="menu-item-51579" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-51579 position-static"><a data-featuredID="51579" href="https://www.unepfi.org/pollution-and-circular-economy/pollution-and-circular-economy/" class="nav-link has-featured-content ">Pollution & Circular Economy</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-73883" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-73883 position-static"><a data-featuredID="51579" href="https://www.unepfi.org/pollution-and-circular-economy/circular-economy/" class="nav-link has-featured-content ">Circular Economy</a></li> <li id="menu-item-73882" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-73882 position-static"><a data-featuredID="51579" href="https://www.unepfi.org/pollution-and-circular-economy/pollution/" class="nav-link has-featured-content ">Pollution</a></li> <li id="menu-item-73881" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-73881 position-static"><a data-featuredID="51579" href="https://www.unepfi.org/pollution-and-circular-economy/energy-efficiency/" class="nav-link has-featured-content ">Energy Efficiency</a></li> <li id="menu-item-51925" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51925 position-static"><a data-featuredID="51579" href="https://www.unepfi.org/pollution-and-circular-economy/pollution-and-circular-economy/" class="nav-link has-featured-content ">More…</a></li> </ul> </li> <li id="menu-item-51982" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-51982 position-static"><a data-featuredID="51982" href="https://www.unepfi.org/impact/positive-impact/" class="nav-link has-featured-content ">SDGs & Impact</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-59441" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-59441 position-static"><a data-featuredID="51982" href="https://www.unepfi.org/impact/impact-protocol/" class="nav-link has-featured-content ">Impact Protocol</a></li> <li id="menu-item-51943" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51943 position-static"><a data-featuredID="51982" href="https://www.unepfi.org/impact/unep-fi-impact-analysis-tools/" class="nav-link has-featured-content ">Tools for Holistic Impact Analysis</a></li> <li id="menu-item-51934" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51934 position-static"><a data-featuredID="51982" href="https://www.unepfi.org/impact/impact-management-platform/" class="nav-link has-featured-content ">Impact Management Platform</a></li> <li id="menu-item-51983" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51983 position-static"><a data-featuredID="51982" href="https://www.unepfi.org/impact/positive-impact/" class="nav-link has-featured-content ">More…</a></li> </ul> </li> <li id="menu-item-53647" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-53647 position-static"><a href="https://www.unepfi.org/social-issues/social-issues/" class="nav-link">Social & Human Rights</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-51937" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-51937 position-static"><a href="https://www.unepfi.org/social-issues/social-issues/" class="nav-link">Human Rights</a></li> <li id="menu-item-66177" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-66177 position-static"><a href="https://www.unepfi.org/social-issues/just-transition/" class="nav-link">Just Transition</a></li> <li id="menu-item-66176" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-66176 position-static"><a href="https://www.unepfi.org/social-issues/financial-health-and-inclusion/" class="nav-link">Financial Health and Inclusion</a></li> <li id="menu-item-66175" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-66175 position-static"><a href="https://www.unepfi.org/social-issues/gender/" class="nav-link">Gender</a></li> </ul> </li> </ul> <div class="menu-featured-content mr-auto"> <div class="featured-content" id="featuredContent52535"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/themes/climate-change/export-credit-agencies-supporting-billions-in-global-trade-form-net-zero-alliance/" title="Export credit agencies supporting billions in global trade form net-zero alliance"><h5>Export credit agencies supporting billions in global trade form net-zero alliance</h5></a> <p>Geneva, 4 December 2023 – At COP28 today, eight leading export credit</p> </div><div class="post-highlight"> <a href="https://www.unepfi.org/themes/climate-change/unep-fi-launches-risk-centre-to-help-members-address-sustainability-risks/" title="New Risk Centre to help UNEP FI members address sustainability risks"><h5>New Risk Centre to help UNEP FI members address sustainability risks</h5></a> <p>The UN Environment Programme Finance Initiative (UNEP FI) has unveiled its</p> </div></div> <div class="featured-content" id="featuredContent31786"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/nature/getting-started/" title="Getting Started"><h5>Getting Started</h5></a> <p>The Challenge The natural world - our forests, soils, land and ocean and</p> </div><div class="post-highlight"> <a href="https://www.unepfi.org/blue-finance/" title="Sustainable Blue Finance"><h5>Sustainable Blue Finance</h5></a> <p>Welcome to the Sustainable Blue Economy Finance Initiative, a UN-convened</p> </div></div> <div class="featured-content" id="featuredContent51579"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/news/160-financial-institutions-call-for-an-ambitious-international-treaty-to-end-plastic-pollution/" title="160 financial institutions representing 15.5 USD trillion combined assets call for an ambitious international treaty to end plastic pollution"><h5>160 financial institutions representing 15.5 USD trillion combined assets call for an ambitious international treaty to end plastic pollution</h5></a> <p>Geneva, 19 April 2024 – One hundred and sixty financial institutions and</p> </div></div> <div class="featured-content" id="featuredContent51982"> <h4>Highlights</h4><div class="post-highlight"> <a href="https://www.unepfi.org/industries/banking/impact-protocol/" title="Impact Protocol"><h5>Impact Protocol</h5></a> <p>Impact management explained, step by step! The Impact Protocol provides a</p> </div></div> </div> </div>  </div>  </div>  </div> </li> <li id="menu-item-31783" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-31783 position-static"><a href="https://www.unepfi.org/regions/" class="nav-link">Regions</a> <div class="dropdown-menu multi-column columns-3"> <div class="row"><div class="container"> <div class="d-flex justify-content-between"><ul class=" depth_0"> <li id="menu-item-31785" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-31785 position-static"><a href="https://www.unepfi.org/regions/africa-middle-east/" class="nav-link">Africa & Middle East</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-65210" class="menu-item menu-item-type-post_type menu-item-object-post nav-item nav-item-65210 position-static"><a href="https://www.unepfi.org/regions/africa-middle-east/unep-fi-regional-roundtable-africa-and-middle-east-2023/" class="nav-link">Regional Roundtable Africa and Middle East 2023</a></li> <li id="menu-item-55117" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-55117 position-static"><a href="https://www.unepfi.org/knowledge-platform/" class="nav-link">SDG-Climate Facility Project: Knowledge Platform</a></li> </ul> </li> <li id="menu-item-31788" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-31788 position-static"><a href="https://www.unepfi.org/regions/asia-pacific/" class="nav-link">Asia Pacific</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-65208" class="menu-item menu-item-type-post_type menu-item-object-post nav-item nav-item-65208 position-static"><a href="https://www.unepfi.org/regions/asia-pacific/unep-fi-regional-roundtable-asia-pacific-2023/" class="nav-link">Regional Roundtable Asia Pacific 2023</a></li> </ul> </li> <li id="menu-item-31792" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children dropdown nav-item nav-item-31792 position-static"><a href="https://www.unepfi.org/regions/europe/" class="nav-link">Europe</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-78622" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-78622 position-static"><a href="https://www.unepfi.org/policy-and-regulation/csrd-esrs-implementation-programme/" class="nav-link">CSRD/ESRS Implementation Programme</a></li> <li id="menu-item-66945" class="menu-item menu-item-type-post_type menu-item-object-post nav-item nav-item-66945 position-static"><a href="https://www.unepfi.org/events/unep-fi-regional-roundtable-europe-2023/" class="nav-link">UNEP FI Regional Roundtable Europe 2023</a></li> </ul> </li> <li id="menu-item-31793" class="menu-item menu-item-type-post_type 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href="https://www.unepfi.org/rrt23-na-recordings/" class="nav-link">Regional Roundtable North America 2023</a></li> </ul> </li> </ul> </div>  </div>  </div>  </div> </li> <li id="menu-item-33506" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children dropdown nav-item nav-item-33506 position-static"><a href="#" class="nav-link">Resources</a> <div class="dropdown-menu multi-column columns-3"> <div class="row"><div class="container"> <div class="d-flex justify-content-between"><ul class=" depth_0"> <li id="menu-item-33508" class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-has-children dropdown nav-item nav-item-33508 position-static"><a href="https://www.unepfi.org/category/events/" class="nav-link">Events & Webinars</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-74901" class="menu-item menu-item-type-post_type menu-item-object-post nav-item nav-item-74901 position-static"><a 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class="nav-link">Training</a> <ul class="dropdown-menu sub-menu depth_1"> <li id="menu-item-79735" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-79735 position-static"><a href="https://www.unepfi.org/learning-and-development-for-finance-professionals/prb-academy/" class="nav-link">Principles for Responsible Banking Academy</a></li> <li id="menu-item-79731" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-79731 position-static"><a href="https://www.unepfi.org/learning-and-development-for-finance-professionals/regional-implementation-of-unep-fi-frameworks/" class="nav-link">Regional Implementation of UNEP FI Frameworks</a></li> <li id="menu-item-79732" class="menu-item menu-item-type-post_type menu-item-object-page nav-item nav-item-79732 position-static"><a href="https://www.unepfi.org/learning-and-development-for-finance-professionals/risk-management/" class="nav-link">Risk Management</a></li> </ul> </li> </ul> </div>  </div>  </div>  </div> </li> </ul> <button class="btn left-pan header-search-button d-none d-sm-block" type="button" data-form="#header-search-form" title="Search"><i class="fa fa-search"></i></button> </div> </div> </nav> <div id="header-search-form" class="header-search-form d-none d-sm-block"> <div class="container"> <div class="spacer-left"> <form class="d-flex search-form" role="search" method="get" action="/"> <div class="input-group"> <input class="form-control input-text " type="search" name="s" placeholder="Search" aria-label="Search"> <button class="btn left-pan" type="submit" title="Search"><i class="fa fa-search"></i></button> </div> </form> <p class="search-title pt40">POPULAR CONTENT</p> <div class="row"> <article class="col-12 col-md-4"> <a href="https://www.unepfi.org/themes/climate-change/2023-climate-risk-landscape/"> <img src="https://www.unepfi.org/wordpress/wp-content/uploads/2023/03/Climate-Risk-Landscape-2023-cover-scaled.jpg" class="img-fluid"> </a> <p class="top-title">07 March 2023<span class="separator"></span><span class="uppercase"><a href="https://www.unepfi.org/category/themes/climate-change/" rel="category tag">Climate Change</a>, <a href="https://www.unepfi.org/category/publications/" rel="category tag">Publications</a>, <a href="https://www.unepfi.org/category/themes/risk/" rel="category tag">Risk</a>, <a href="https://www.unepfi.org/category/themes/climate-change/tcfd/" rel="category tag">TCFD</a></span></p> <a href="https://www.unepfi.org/themes/climate-change/2023-climate-risk-landscape/"> <h5>The 2023 Climate Risk Landscape</h5></a> </article> <article class="col-12 col-md-4"> <a href="https://www.unepfi.org/events/global-roundtable-2022/"> <img src="https://www.unepfi.org/wordpress/wp-content/uploads/2022/05/Header-Clouds-2.jpg" class="img-fluid"> </a> <p class="top-title">17 May 2022<span class="separator"></span><span class="uppercase"><a href="https://www.unepfi.org/category/events/" rel="category tag">Events</a>, <a href="https://www.unepfi.org/category/events/unepfi-roundtable/" rel="category tag">Roundtables</a></span></p> <a href="https://www.unepfi.org/events/global-roundtable-2022/"> <h5>UNEP FI Global Roundtable 2022</h5></a> </article> <article class="col-12 col-md-4"> <a href="https://www.unepfi.org/industries/banking/2023-in-review-a-growing-membership-continues-ambitious-action-on-sustainable-finance/"> <img src="https://www.unepfi.org/wordpress/wp-content/uploads/2023/12/endofyeararticle-scaled.jpg" class="img-fluid"> </a> <p class="top-title">19 December 2023<span class="separator"></span><span class="uppercase"><a href="https://www.unepfi.org/category/industries/banking/" rel="category tag">Banking</a>, <a href="https://www.unepfi.org/category/themes/climate-change/" rel="category tag">Climate Change</a>, <a href="https://www.unepfi.org/category/industries/insurance/" rel="category tag">Insurance</a>, <a href="https://www.unepfi.org/category/industries/investment/" rel="category tag">Investment</a>, <a href="https://www.unepfi.org/category/themes/ecosystems/" rel="category tag">Nature</a>, <a href="https://www.unepfi.org/category/news/" rel="category tag">News</a>, <a href="https://www.unepfi.org/category/industries/policy/" rel="category tag">Policy</a>, <a href="https://www.unepfi.org/category/themes/pollution-circular-economy/" rel="category tag">Pollution & Circular Economy</a>, <a href="https://www.unepfi.org/category/themes/impact/" rel="category tag">SDGs and Impact</a>, <a href="https://www.unepfi.org/category/themes/social-issues/" rel="category tag">Social</a></span></p> <a href="https://www.unepfi.org/industries/banking/2023-in-review-a-growing-membership-continues-ambitious-action-on-sustainable-finance/"> <h5>2023 in review: A growing membership continues ambitious action on sustainable finance</h5></a> </article> </div> </div> </div> </div> </header> <main> <div class="wall w1680" style="background-image: linear-gradient(to bottom, rgba(0,0,0,0.75), rgba(0,0,0,0) 20%), linear-gradient(rgba(0,0,0,0.30), rgba(0,0,0,0.30)), linear-gradient(137deg, rgba(0,0,0,0.60), rgba(0,0,0,0)), url('https://www.unepfi.org/wordpress/wp-content/uploads/2020/06/DN_Insights-Hero_Principles-of-Responsible-Banking_V1_20200602.jpg');" > <div class="container h50"><nav class="breadcrumb"><a href="https://www.unepfi.org/">Home</a><span class="divider"> / </span><a href="https://www.unepfi.org/banking/">Banking</a><span class="divider"> / </span><a href="https://www.unepfi.org/banking/more-about-the-principles/">About the Principles</a><span class="divider"> / </span><a href="https://www.unepfi.org/banking/more-about-the-principles/progress/">Journey so far</a><span class="divider"> / </span>Year 4 Update</nav></div> <div class="container pt80 pb80"> <h1 class="line-blue">Year 4 Update</h1> </div> </div> <div class="container mt-5 page-default-template"> <div class="row"> <div class="col-12 col-md-9"> <article> <div class="post-content"> <h5>4 year anniversary</h5> <p>The <a href="https://www.unepfi.org/banking/bankingprinciples/">Principles for Responsible Banking</a>, the world’s foremost sustainability framework for the banking sector, is celebrating its 4<sup>th</sup> anniversary. <strong>The Principles are the world’s leading framework for responsible banking </strong>– unprecedented in their scale and scope, bringing banks across the world together to work on the most challenging and critical topics facing humanity and the environment.</p> <p>Since the Principles for Responsible Banking were launched, the membership has seen remarkable growth from 130 founding banks to 325, representing almost 50% of the global banking industry by assets.</p> <p>Implementing the PRB helps banks to future-proof their businesses by performing stronger risk management, undertaking portfolio impact assessment, and unlocking new business opportunities.</p> <p>This comprehensive factsheet gives a brief overview of the key achievements during these first four years:</p> <p><a href="https://www.unepfi.org/wordpress/wp-content/uploads/2023/09/PRB-4Y-graphic.pdf"><img decoding="async" src="https://www.unepfi.org/wordpress/wp-content/uploads/2023/09/4y-factsheet.png" alt="" width="187" height="263" class="alignnone wp-image-69557" /></a></p> <h5 class="line-blue">Hear from our members</h5> <p><iframe width="560" height="315" src="https://www.youtube.com/embed/videoseries?si=0YCq1OJZcuD_9pYd&list=PLI22f5lT1s61d8di4tzu0J_sisKL0vuOu" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="allowfullscreen"></iframe></p> <h5 class="line-blue">About the Principles for Responsible Banking</h5> <p>The Principles provide a unique framework for embedding sustainability into bank’s strategies and transforming strategic ambition into action with concrete steps for operationalisation. Member banks benefit from step-by-step support guiding them along a clear implementation journey. The Principles are transforming the banking sector, driving real systemic change.</p> <p>Since the establishment of the Principles, signatory banks have been working together to build the foundations, tools and industry guidance to forge pathways and guide the financial community towards the vision set out by the UN Sustainable Development Goals and the Paris Agreement on Climate.</p> <p>The Principles provide a strong basis for convening topic-specific coalitions that provide leadership and accelerate action, like the Net-Zero Banking Alliance and the Financial Health and Inclusion Commitment.</p> <h5 class="line-blue">Second biennial progress report</h5> <p>Alongside the 4-year anniversary of the Principles, the second biennial progress report has been published. <span>The report</span> gives more insights on the work that has been done so far, what needs to be tackled next, and includes an independent review from the PRB Civil Society Advisory Body.</p> <p>Member banks have made considerable progress understanding and disclosing how their portfolios and businesses relate to key environmental and social impacts. the majority of member banks have set targets to address their most significant portfolio impact, driving alignment with and contributing to the UN Sustainable Development Goals and the goals of the Paris Agreement.</p> <p>Member banks have integrated sustainability oversight into their governance structures, primarily at the board and CEO levels, evidencing effective governance for embedding sustainability across the entire organisation. Almost all members have established public strategies aligned with the SDGs and the Paris Agreement. They offer sustainable finance products and engage with select clients to meet climate targets.</p> <p>This comprehensive factsheet gives a brief overview of the PRB progress report:</p> <p><a href="https://www.unepfi.org/wordpress/wp-content/uploads/2023/09/PRB-Progress-report-graphic.pdf"><img decoding="async" src="https://www.unepfi.org/wordpress/wp-content/uploads/2023/09/PR.png" alt="" width="182" height="258" class="alignnone wp-image-69559" /></a></p> <p>To read the full PRB progress report, click <a href="https://www.unepfi.org/industries/banking/prb-2nd-progress-report/">here</a>.</p> <h5 class="line-blue"><span data-contrast="auto" xml:lang="EN-GB" lang="EN-GB" class="TextRun MacChromeBold SCXW217840140 BCX0"><span class="NormalTextRun SCXW217840140 BCX0">Looking to the future</span></span><span class="EOP SCXW217840140 BCX0" data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></h5> <p><span data-contrast="auto">While progress has been made by signatory banks, there is still more to be done. Banks are encouraged to </span><span data-contrast="none">build upon governance and structural changes to drive concrete action, realising more real-world impact while respecting national regulations, cultural norms, and contextual variations.</span><span data-contrast="auto"> This includes continuing to set ambitious public targets in impact areas including climate change (mitigation and adaptation), nature, human rights, resource efficiency, and economic inclusion, and focusing on implementing those targets in order to drive systemic change.</span><span data-ccp-props="{"201341983":0,"335559739":0,"335559740":240}"> </span></p> <p><span data-contrast="auto">To support signatories, UNEP FI will continue to collaborate with banks on their Principles for Responsible Banking journey, working together at the forefront of sustainability topics, breaking new ground, and </span><span data-contrast="auto">co-create new and pragmatic approaches that have the standing, robustness and legitimacy to shape industry practice worldwide.</span><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p> <p><span data-contrast="auto">New guidance on nature and climate change adaptation is expected to be released in Q4 2023.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p> </div> </article> </div> <div class="col-12 col-md-3"> <div class="sidebar"> <aside id="secondary" class="widget-area"> <section id="nav_menu-22" class="widget_nav_menu"><div class="menu-sidemenu-banking-principles-for-responsible-banking-container"><ul id="menu-sidemenu-banking-principles-for-responsible-banking" class="menu"><li id="menu-item-55810" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55810"><a href="https://www.unepfi.org/banking/bankingprinciples/">Principles for Responsible Banking</a></li> <li id="menu-item-55811" class="menu-item menu-item-type-post_type menu-item-object-page current-page-ancestor current-menu-ancestor current_page_ancestor menu-item-has-children menu-item-55811"><a href="https://www.unepfi.org/banking/more-about-the-principles/">About the Principles</a> <ul class="sub-menu"> <li id="menu-item-55812" class="menu-item menu-item-type-post_type menu-item-object-page current-page-ancestor current-menu-ancestor current-menu-parent current-page-parent current_page_parent current_page_ancestor menu-item-has-children menu-item-55812"><a href="https://www.unepfi.org/banking/more-about-the-principles/progress/">Journey so far</a> <ul class="sub-menu"> <li id="menu-item-55862" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55862"><a href="https://www.unepfi.org/banking/more-about-the-principles/progress/prb-2-year/">Year 2 Update</a></li> <li id="menu-item-69580" class="menu-item menu-item-type-post_type menu-item-object-page current-menu-item page_item page-item-69503 current_page_item 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href="https://www.unepfi.org/banking/become-a-signatory/">Become a Principles for Responsible Banking signatory</a></li> <li id="menu-item-55818" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-55818"><a href="https://www.unepfi.org/banking/resources-for-implementation/">How to Implement</a> <ul class="sub-menu"> <li id="menu-item-55819" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55819"><a href="https://www.unepfi.org/banking/resources-for-implementation/impact-analysis/">Impact Analysis</a></li> <li id="menu-item-55820" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55820"><a href="https://www.unepfi.org/banking/resources-for-implementation/target-setting/">Target-Setting</a></li> <li id="menu-item-55821" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55821"><a href="https://www.unepfi.org/banking/resources-for-implementation/reporting/">Reporting</a></li> <li id="menu-item-55822" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55822"><a href="https://www.unepfi.org/banking/resources-for-implementation/guidance/">Guidance for Banks</a></li> <li id="menu-item-76057" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-76057"><a href="https://www.unepfi.org/banking/climate-mitigation-journey/">Climate Mitigation Journey</a></li> </ul> </li> <li id="menu-item-55823" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-55823"><a href="https://www.unepfi.org/banking/commitments/">Commitments</a> <ul class="sub-menu"> <li id="menu-item-55824" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55824"><a href="https://www.unepfi.org/banking/commitments/commitment-to-financial-health-and-inclusion/">Financial Health and Inclusion</a></li> <li id="menu-item-55825" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-55825"><a href="https://www.unepfi.org/net-zero-banking/">Net-Zero Banking Alliance</a></li> </ul> </li> <li id="menu-item-60677" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-60677"><a href="https://www.unepfi.org/banking/bankingprinciples/prb-academy/">Principles for Responsible Banking Academy</a></li> <li id="menu-item-55827" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-55827"><a href="https://www.unepfi.org/banking/unep-fi-banking-members-space/">Members Area</a> <ul class="sub-menu"> <li id="menu-item-73355" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-73355"><a href="https://www.unepfi.org/banking/unep-fi-banking-members-space/get-involved-24/">Get involved</a></li> <li id="menu-item-77086" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-77086"><a 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id="menu-item-59119" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-59119"><a href="https://www.unepfi.org/banking/unep-fi-banking-members-space/social-and-human-rights/financial-health-and-inclusion/the-business-case-for-financial-health-and-inclusion/">Why Financial Health and Inclusion</a></li> <li id="menu-item-59120" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-has-children menu-item-59120"><a href="https://www.unepfi.org/banking/unep-fi-banking-members-space/social-and-human-rights/financial-health-and-inclusion/common-framework/">Common Framework</a> <ul class="sub-menu"> <li id="menu-item-59112" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-59112"><a href="https://www.unepfi.org/banking/unep-fi-banking-members-space/social-and-human-rights/financial-health-and-inclusion/common-framework/our-pathway-to-impact/">Our Pathway to Impact</a></li> <li id="menu-item-59113" class="menu-item 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