{"id":6486,"date":"2020-10-16T14:47:34","date_gmt":"2020-10-16T14:47:34","guid":{"rendered":"https:\/\/hfsf.odh.gr\/?page_id=6486"},"modified":"2021-01-14T13:40:29","modified_gmt":"2021-01-14T13:40:29","slug":"principles-for-responsible-banking","status":"publish","type":"page","link":"https:\/\/hfsf.odh.gr\/en\/our-portfolio\/principles-policies\/principles-for-responsible-banking\/","title":{"rendered":"Principles for Responsible Banking old"},"content":{"rendered":"\t\t
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Principles for Responsible Banking<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\r\n \r\n Principles for Responsible Banking <\/span>\r\n <\/h2>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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On September 22-23, 2019, during the annual United Nations General Assembly in New York, USA, 130 banks from 49 different countries co-signed the six Principles for Responsible Banking (PRB), as part of the United Nations Environment Program-Finance Initiative (UNEP-FI); while to date the number of banks that have co-signed the PRBs amounts to more than 180.<\/p>

Through this pioneering move, the co-signatory Banks are committed to aligning themselves with the UN Sustainable Development Goals by defining time-bound actions that will address the objectives of the Paris Agreement on climate change with social sensitivity and responsibility, working with clients, assessing the impact of their activities on the environment and society, setting improvement goals, and promoting corporate governance, transparency, and accountability.<\/p>

The HFSF, strategic shareholder of the four systemic banks, endorsed the United Nations Environment Program\u2019s Principles and was included in the list of 170+ bodies that have co-signed them to date. The Fund, adopting the Principles for Responsible Banking, confirms in practice its active support to the Greek Systemic Banks for the implementation of these Principles.<\/p>

The United Nations Environment Program\u2019s Principles for Responsible Banking aim to align banks’ business decisions with the goals and needs of society. The six Principles provide the framework for a socially responsible banking system, thus leading to a positive contribution of the banking system to society as a whole. The Principles attach great importance to transparency regarding the way in which banking products and services create value for customers, investors, and society at large, while at the same time having a positive impact on the environment.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\r\n \r\n The 6 Principles for Responsible Banking: <\/span>\r\n <\/h3>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\r\n \r\n 1. Alignment <\/a>\r\n <\/div>\r\n
We will align our business strategy to be consistent with and contribute to individuals\u2019 needs and society\u2019s goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks.<\/div>\r\n <\/div>\r\n
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\r\n \r\n 2. Impact and Target Setting <\/a>\r\n <\/div>\r\n
We will continuously increase our positive impacts while reducing the negative impacts on, and managing the risks to, people and environment resulting from our activities, products and services. To this end, we will set and publish targets where we can have the most significant impacts.<\/div>\r\n <\/div>\r\n
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\r\n \r\n 3. Clients and Customers <\/a>\r\n <\/div>\r\n
We will work responsibly with our clients and our customers to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.<\/div>\r\n <\/div>\r\n
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\r\n \r\n 4. Stakeholders <\/a>\r\n <\/div>\r\n
We will proactively and responsibly consult, engage and partner with relevant stakeholders to achieve society\u2019s goals.<\/div>\r\n <\/div>\r\n
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\r\n \r\n 5. Governance and Culture <\/a>\r\n <\/div>\r\n
We will implement our commitment to these Principles through effective governance and a culture of responsible banking.<\/div>\r\n <\/div>\r\n
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\r\n \r\n 6. Transparency and Accountability <\/a>\r\n <\/div>\r\n
We will periodically review our individual and collective implementation of these Principles and be transparent about and accountable for our positive and negative impacts and our contribution to society\u2019s goals.<\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Principles for Responsible Banking Principles for Responsible Banking On September 22-23, 2019, during the annual United Nations General Assembly in New York, USA, 130 banks from 49 different countries co-signed the six Principles for Responsible Banking (PRB), as part of the United Nations Environment Program-Finance Initiative (UNEP-FI); while to date the number of banks that […]<\/p>\n","protected":false},"author":2,"featured_media":4367,"parent":4729,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yoast_head":"\nPrinciples for Responsible Banking old - Hellenic Financial Stability Fund<\/title>\n<meta name=\"description\" content=\"On September 22-23, 2019, during the annual United Nations General Assembly in New York, USA, 130 banks from 49 different countries co-signed the six Principles for Responsible Banking (PRB), as part of the United Nations Environment Program-Finance Initiative (UNEP-FI); while to date the number of banks that have co-signed the PRBs amounts to more than 180.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Principles for Responsible Banking old - Hellenic Financial Stability Fund\" \/>\n<meta property=\"og:description\" content=\"On September 22-23, 2019, during the annual United Nations General Assembly in New York, USA, 130 banks from 49 different countries co-signed the six Principles for Responsible Banking (PRB), as part of the United Nations Environment Program-Finance Initiative (UNEP-FI); 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