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United Nations Environment Programme Finance Initiative Principles for Responsible Banking

Background and Context


The IBCB is proud to endorse the United Nations Principles for Responsible Banking. These Principles provide a framework to ensure that the strategies and business practices of Banks align with UN Sustainable Development Goals and the Paris Climate Agreement. Signatory banks commit to embedding the Principles in their business and to carry out impact assessments, developing specific commitments, setting targets, and reporting on these targets.

We believe the UN Principles are an important commitment from the banking sector to promote an environment where ethical behaviour is at the heart of banking. The Principles are closely aligned to the purpose of the IBCB; to work with member banks to build trustworthiness in order to assist the industry in regaining public trust.

Central to the UN Principles is a focus on sustainable banking practices which consider the needs of society and customers, to engage proactively and responsibly with stakeholders, to ensure transparency, accountability, effective governance, and a culture of responsible banking. The six UN Principles for Responsible Banking are:

  • Alignment;
  • Impact and target setting;
  • Clients & customers;
  • Stakeholders;
  • Governance & culture;
  • Transparency & accountability.

Further information on the UNEP Finance Initiative Principles for Responsible Banking is available at