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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/2022/04/PRB-Header-Full-image-2.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>FAQ</nav></div> <div class="container pt80 pb80"> <h1 class="line-blue">FAQ</h1> <p>Frequently Asked Questions</p> </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"> <div class="unepfi-generic-accordion" id="unepfiAccordion_56308"> <div class="container"> <div class="generic-static-wrapper"> <p>Have a question about the Principles? Check out the most common questions we’re asked below. If you can’t find what you need after reading through the list, please <a href="https://www.unepfi.org/banking/contact-us/">contact us</a>.</p> </div> <div class="accordion"> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_1"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_1" aria-controls="acc_desc_56308_1" aria-expanded="false"> 01. What are the Principles for Responsible Banking? </button> </h2> <div id="acc_desc_56308_1" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_1"> <div class="accordion-body"> <p>The Principles for Responsible Banking have been designed by a core group of 30 ‘Founding Banks’ together with the UN Environment Programme’s Finance Initiative.</p> <p>They provide the framework for a sustainable banking system that responds to and drives today’s expanding global sustainable development economy, and guide the banking industry to align itself with society’s goals as expressed in the Sustainable Development Goals and the Paris Agreement.</p> <p>The Principles support your bank to leverage the forward-looking business opportunities in this new era of sustainable social, environmental and economic development – and to importantly manage emerging risks associated with this new operating environment.</p> <p>They are purpose-built to serve all banks, regardless of where a bank is based, the type of banking in which it is engaged, and/or its level of experience on issues related to sustainability.</p> <p>The more banks that adopt the Principles, the greater impact the banking industry will have in leading society to meet its goals for a sustainable, equitable and prosperous future.</p> <p>The Principles for Responsible Banking officially launched on 22 and 23 September 2019 in New York City during the United Nations General Assembly.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_2"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_2" aria-controls="acc_desc_56308_2" aria-expanded="false"> 02. What difference will the Principles make? </button> </h2> <div id="acc_desc_56308_2" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_2"> <div class="accordion-body"> <ul> <li><strong>For banks:</strong> The Principles provide banks with a vision linked to society’s goals, and a comprehensive framework for hardwiring sustainability into their DNA at all levels – strategic, portfolio and transactional – and across all business areas.</li> <li><strong>For the banking industry:</strong> The Principles define, shape and ultimately secure the banking industry’s role in the society and economy of the 21st century, and help the industry to demonstrate how it makes a positive contribution to society.</li> <li><strong>For the world:</strong> The Principles will accelerate the banking industry’s contribution to achieving society’s goals as expressed through the Sustainable Development Goals and the Paris Climate Agreement.<br /> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_3"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_3" aria-controls="acc_desc_56308_3" aria-expanded="false"> 03. Which banks have signed the Principles? </button> </h2> <div id="acc_desc_56308_3" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_3"> <div class="accordion-body"> <p>Over 40% of the banking industry have signed the Principles, and the full list of signatories can be found <a href="https://www.unepfi.org/banking/bankingprinciples/prbsignatories/">online</a>. Banks can sign the Principles to join this ever-growing community. Non-bank stakeholders, such as associations, investors, regulators and civil society organizations, can endorse the Principles.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_4"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_4" aria-controls="acc_desc_56308_4" aria-expanded="false"> 04. Who can sign the Principles? </button> </h2> <div id="acc_desc_56308_4" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_4"> <div class="accordion-body"> <p>Any bank can become a ‘Signatory Bank’ to the Principles for Responsible Banking. The commitment letter must be signed by the CEO.</p> <p>The Principles for Responsible Banking define a bank as an entity that has a banking license to take deposits. However, other providers of capital and non-bank lenders may be considered on a case-by-case basis. </p> <p>Non-bank financial institutions (e.g. banking associations, investment companies, insurance companies, civil society organizations, etc.) can become ‘Endorsers’.</p> <p>A bank needs to be a member of UNEP FI in order to sign up to the Principles – this provides banks with a growing global network of banks and other financial institutions that have committed to sharing their knowledge, experiences and expertise with Signatory Banks.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_5"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_5" aria-controls="acc_desc_56308_5" aria-expanded="false"> 05. What are the benefits for signatory banks? </button> </h2> <div id="acc_desc_56308_5" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_5"> <div class="accordion-body"> <p>They provide your bank with one comprehensive framework for effectively responding to today’s new sustainable development economy across your bank’s entire business – at all strategic, portfolio and transactional levels.</p> <p>They enable your bank to seize emerging business opportunities in today’s sustainable development economy era, while at the same time enabling your bank to effectively and systematically identify and address related risks.</p> <p>They promote trust in your bank and ensure that it remains not only relevant and competitive in this new era, but that it increases its value to those that it serves by demonstrating its alignment with today’s sustainable development economy. This includes responding to the evolving needs and rising expectations of clients, customers, employees, regulators and investors.</p> <p>Providing your bank with direct access to expert knowledge, tools and resources as it continues to strengthen its positioning within the new sustainable development economy.</p> <p>They are a win-win: they will improve the way you do business, position your bank to succeed in the changing economy and society of the 21st century, and with that benefit your shareholders.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_6"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_6" aria-controls="acc_desc_56308_6" aria-expanded="false"> 06. What difference will customers see from a signatory bank? </button> </h2> <div id="acc_desc_56308_6" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_6"> <div class="accordion-body"> <p>Customers will see a bank that aligns with their values and contributes to their society and future. A bank that a) supports companies that make people’s lives better and b) provides products and services that help build an inclusive society that uses its natural resources sustainably.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_7"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_7" aria-controls="acc_desc_56308_7" aria-expanded="false"> 07. We are not a 'socially responsible' bank - can we still sign? </button> </h2> <div id="acc_desc_56308_7" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_7"> <div class="accordion-body"> <p>Any bank at any stage in any context can become a signatory to the Principles. The Principles provide a clear path for aligning your business practices with society’s goals, regardless of your starting point.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_8"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_8" aria-controls="acc_desc_56308_8" aria-expanded="false"> 08. How are the Principles related to banking frameworks? </button> </h2> <div id="acc_desc_56308_8" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_8"> <div class="accordion-body"> <p>The Principles are the only sustainability framework for banks that apply to the whole institution, providing guidance at the strategic, portfolio and transaction levels across all business areas.</p> <p>This differs from other frameworks that are applied at only one of these levels, for example:</p> <ul> <li>the Equator Principles or the IFC Performance Standards at the transaction level</li> <li>the Principles for Responsible Investment (PRI) for asset management</li> <li>the Guiding Principle for Business and Human Rights for a single topic.</li> </ul> <p>The Principles will serve as a guide to banks in applying these other frameworks within the context of their plans to align their business strategies with society’s goals.</p> <p>The Principles for Responsible Banking offer guidance at all levels and strategic direction to adapt and position a bank so it secures its place in – and seizes the opportunities of – a transforming economy and society. They provide:</p> <ul> <li>A vision and purpose linked to society’s goals</li> <li>A comprehensive framework for understanding impact on people and the environment, and communicating contribution to society</li> <li>Guidance at all levels: Strategic, portfolio and transaction</li> </ul> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_9"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_9" aria-controls="acc_desc_56308_9" aria-expanded="false"> 09. How do the Principles relate to regulations in my country or region? </button> </h2> <div id="acc_desc_56308_9" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_9"> <div class="accordion-body"> <p>The Principles for Responsible Banking are a general framework that can be applied in any international and local context regardless of the size of bank. Regulators and policy makers can align their requirements with the Principles framework, and may use the Principles as a tool for assessing banks in the following ways:</p> <ul> <li>To identify which banks are best positioned to address emerging risks and challenges while enhancing public trust in the banking system</li> <li>To identify which banks are contributing to national and international policies and goals based on plans made within a consistent framework.</li> </ul> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_10"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_10" aria-controls="acc_desc_56308_10" aria-expanded="false"> 10. How much flexibility is there in adapting the Principles for local requirements? </button> </h2> <div id="acc_desc_56308_10" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_10"> <div class="accordion-body"> <p>Signatories can work towards implementing the Principles within their national contexts and build on their strengths.</p> <p>In working towards the Principles, each signatory will identify priority areas where they have the largest potential for limiting negative and achieving positive impact (i.e. focus on what is most material to the bank, its clients and the society where it operates). For banks operating predominantly in national or regional contexts, targets can relate to national or regional frameworks.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_11"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_11" aria-controls="acc_desc_56308_11" aria-expanded="false"> 11. How can small, local or regional banks with fewer resources meet the commitments? </button> </h2> <div id="acc_desc_56308_11" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_11"> <div class="accordion-body"> <p>The Principles have been designed to allow any bank genuinely committed to sustainability and responsible banking to sign up and set targets and ambitions in line with their context, strengths and starting points.</p> <p>Signatories are simply required to show discernible progress towards full implementation of the Principles and all signatories will benefit from peer learning and ongoing UNEP FI support in working towards full implementation of the Principles.</p> </div> </div> </div> <div class="accordion-item"> <h2 class="accordion-header" id="acc_heading_56308_12"> <button class="accordion-button collapsed" type="button" data-bs-toggle="collapse" data-bs-target="#acc_desc_56308_12" aria-controls="acc_desc_56308_12" aria-expanded="false"> 12. How will the Principles framework be updated over time? </button> </h2> <div id="acc_desc_56308_12" class="accordion-collapse collapse" data-bs-parent="#unepfiAccordion_56308" aria-labelledby="acc_heading_56308_12"> <div class="accordion-body"> <p>Updates to the Principles Framework Documents and Guidance Document will be needed over time to reflect changes in society’s needs, the guiding frameworks (UN Sustainable Development Goals and Paris Agreement) and best practice in the sector.</p> <p>Therefore, during their meetings every two years, the signatories to the Principles for Responsible Banking will discuss any needs to update the Guidance Document, adapt signatory requirements or, if necessary, revise the Principles themselves.</p> </div> </div> </div> </div> </div> </div> </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-menu-parent current-page-parent current_page_parent 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 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 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