On the 23rd of September, the Principles for Responsible Banking will be publicly launched, at a high-level event during the United Nations General Assembly in New-York.
The event will bring together bank CEOs and global thought leaders, as well as environmental and sustainable development experts to explore the implementation and impact potential of the newly launched Principles for Responsible Banking.
This free-to-attend banking industry event is open to the public. Approximately 350 attendees are expected, including 20+ bank CEOs, bank sustainability leads, investors, stakeholders, policy makers & regulators, academia, civil society organizations and international media.
The Principles for Responsible Banking provide the framework for a sustainable banking system in which a bank’s business strategy is aligned with society’s goals, and guide banks in demonstrating how they are making a positive contribution to society – an increasing expectation of their customers, clients, employees and investors, as well as society-at-large.
The EACB is a proud supporter on the initiative by being one of the firsts endorsers of the principles and invited its members to become signatories. Banks can have a leverage effect and enable structural changes by financing innovative and sustainable projects. Co-operative banks are part of society and aim to contribute to the success of that society since their origins. With 20% market share, 2.914 banks, 209 million clients and 81 million members, co-operative banks can be a driving force towards a more sustainable economy at European and global level.
So far, the following co-operative banking groups have committed to become signatories: Rabobank, BCC Grupo cajamar, Desjardins, Crédit Agricole S.A., Groupe BPCE and OP Financial Group. The EACB will highlight their commitments in the coming days.