On 16 January 2019, the ABBL Board of Directors has unanimously approved the association’s endorsement of the UNEP FI Principles for responsible banking.
The United Nations Environment Programme – Finance Initiative (UNEP FI) is a partnership between the United Nations Environment and the global financial sector created in the wake of the 1992 Rio Earth Summit with a mission to promote sustainable finance. The ABBL is one of the first banking associations to endorse the 6 UNEP FI principles for Responsible Banking.
As endorser, the ABBL will aspire to align its business strategy with the UN Sustainable Development Goals thereby demonstrating its commitment to a more sustainable banking system. The formal signing ceremony is to take place in Luxembourg within the coming weeks.
‘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. We have therefore endorsed these principles paving the way for a sustainable banking system of the future.’ Guy Hoffmann, Chairman of the ABBL.