Resurs Bank Signs UN's Principles for Responsible Banking

Published on:
by KnowESG
Picture of Resurs Banks commitment to UN Principles for Responsible Banking

Resurs Bank has officially signed the United Nations Principles for Responsible Banking (PRB). This is a set of guidelines for a sustainable banking industry made by banks from all over the world working together. It is based on the UN Environment Programme's Finance Initiative (UNEP FI).

The principles are the main way to ensure that banks' strategies and operations are in line with society's vision for the future, as laid out in the UN's Sustainable Development Goals and the Paris Agreement on Climate Change.

Banks who have signed the principles commit to working on an ambitious sustainability strategy to integrate sustainability into the core of their operations while also positioning themselves positively in sustainable financing.

"Putting ourselves behind the UN's principles for responsible banking is a natural step in the sustainability work we are doing at all levels right now. We see great opportunities in adapting our ongoing sustainability agenda to the framework with the ambition to continuously strengthen and improve our way of working on both an operational and strategic level," says Nils Carlsson, CEO of Resurs Bank.

The UN's principles for responsible banking will now be an important part of Resurs' sustainability strategy (see details below) and operations going forward.

"As a financial player in the Nordic market, we have a clear and important duty to improve our impact in all areas of sustainability in every way we can. Joining the UN principles for responsible banking is not only perfectly timed with continuous improvements and also a good tool and framework for us to further drive the business even closer to our stakeholders and identify needs and areas of development," says Henrik Linder, Nordic Sustainability Manager at Resurs Bank.

By joining the PRB, Resurs agrees to change its business strategy to help achieve global goals for sustainable development and evaluate the company's chances of helping reach the 1.5-degree goal set by the Paris Agreement. Fakta Resurs' sustainability plan is divided into five priority areas: ethical and responsible business, sustainable lending, the environment, social responsibility, and sustainable employees. Each focus area has its own goals and key performance indicators (KPIs) so that it can be integrated into the business and progress can be seen and measured.

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Click here to learn more about the principles of responsible banking

Source: Resurs Bank


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