Banks worth $47 trillion adopt new UN-backed climate, sustainability principles

In the Principles, launched one day ahead of the UN Climate Action Summit in New York, banks commit to strategically align their business with the goals of the Paris Agreement on Climate Change and the UN Sustainable Development Goals (SDGs), and massively scale up their contribution to the achievement of both. 

“The UN Principles for Responsible Banking are a guide for the global banking industry to respond to, drive and benefit from a sustainable development economy,” UN Secretary-General António Guterres said at the launch event, adding that they also “create the accountability that can realize responsibility, and the ambition that can drive action.” 

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Source: UN News