On the 22nd of September, the Principles for Responsible Banking will be publicly launched, at a high-level event during the United Nations General Assembly in New-York.
The event will bring together bank CEOs and global thought leaders, as well as environmental and sustainable development experts to explore the implementation and impact potential of the newly launched Principles for Responsible Banking.
The Principles for Responsible Banking provide the framework for a sustainable banking system in which a bank’s business strategy is aligned with society’s goals, and guide banks in demonstrating how they are making a positive contribution to society – an increasing expectation of their customers, clients, employees and investors, as well as society-at-large.
The EACB is a proud supporter on the initiative by being one of the firsts endorsers of the principles and invited its members to become signatories. Six co-operative banking groups, members of the EACB, have committed to sign the principles, amongst which OP Financial Group, one of the largest banking groups in Finland. Discover the statement from its President and Group Executive Chair, Mr Timo Ritakallio:
“OP Financial Group recognises its responsibility in advancing sustainable development as one of the largest financiers in Finland. Our success is dependent on the success of our customers and the surrounding society. Mitigating climate change and advancing the UN Sustainable Development goals (SDG) require cooperation on many levels. Our aim is to boost collaboration in the financial services industry to advance responsible financing and contribute to the sustainable development of societies.” said Mr Ritakallio.