AUB adopts UN Responsible Banking Principles
Ahli United Bank said it has signed the United Nation’s Principles for Responsible Banking, an initiative spearheaded by the United Nation Development Programme (UNEP) in partnership with leading international banks.
Responsible banking principles aim at aligning global banking practices with long- term social and environmental goals and providing a roadmap for the global financial community in addressing global challenges and contributing to sustainable economic development. The Principles are accessible to all signatories at all stages of the sustainability journey.
The UN’s Principles for Responsible Banking (PRB) provide a universal framework and a set of core principles for the participating banks to implement at strategic, business and operational levels.
The six cornerstones Principles require signatory banks to align their strategies and practices with the UN’s 17 Sustainable Development Goals and the Paris Climate Agreement and to do more to have a positive impact on people and the environment. To date, over 160 institutions from 50 countries with collective assets totalling US$ 50 trillion have joined the initiative.
AUB’s Deputy Group CEO – Operations & Technology Shafqat Anwar commented: “Since its founding twenty years ago, AUB has always been cleareyed about its role and mission as a responsible bank, fully committed not only to serving the best interests of our customers and shareholders, but also to the common good of the communities we serve, and in the process actively contributing to the socio-economic advancement of the countries where we operate”.