The ABBL to become the 1st institution in Luxembourg to endorse the Principles for Responsible Banking

ABBL Published 19.02.2019

Today, UNEP FI (The United Nations Environment Programme Finance Initiative) announced the second Round of endorsers of the Principles for Responsible Banking.

The Principles provide guidance for banks to create value for their customers, shareholders and society. The Principles align banks with society’s goals as expressed in the Sustainable Development Goals and the Paris Climate Agreement.

They are the first global framework to enable banks to integrate sustainability across all business areas, from strategic, to portfolio, to transaction level.

The transparency and accountability mechanism of the Principles requires signatories to address their most significant impacts, set public targets and report back on progress.

The Principles

  • Alignment
  • Impact
  • Clients and Customers
  • Stakeholders
  • Governance and Target Setting
  • Transparency and Accountability

ABBL’s Commitment toward Responsible Banking

The ABBL is very proud to be among the stakeholders from the international finance industry to join the growing group and committed to support and promote the Principles amongst its members and in its networks.

“The role of banks is about helping to shape the future and the ABBL is committed to a positive contribution to our environment, economy and society.” 

Guy Hoffmann, Chairman, The Luxembourg Bankers’ Association

Our association encourages all financial stakeholders and especially its members to step up and to support the Principles to contribute to a more sustainable future.

How can your bank achieve these Principles ?

Read more about the Principles and how a bank can achieve them.

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