Banks play an essential and pivotal role in financing the global transition towards a sustainable low-carbon economy and recognise this as part of their purpose and role in society. Banks are taking their responsibility very seriously, especially in Europe, where they finance two thirds of the economy. The European banks are increasingly considering sustainability as a key factor of their business strategy and a number of banks have committed to steering their portfolios to meet the Paris agreement, for investments in sustainable finance. The European Banking Federation was one of the first endorsers of the principles and is committed to promoting this initiative in the banking sector in Europe. Together with UNEP FI, the EBF organised a Principles for Responsible Banking (PRB) workshop on 5 February 2019 and an educational webinar on 14 May 2019 and actively promoted the initiative across European and international fora. The response to this consultation aims at improving the clarity and operationality of the Principles and at pointing out some most challenging areas from the operational and implementation perspective, where additional clarification or provision of illustrative examples would be desirable. The UNEP FI intention to cooperate with experts in further development of tools, methodologies and approaches to assist banks with the implementation is very welcome. To promote additional adoption throughout the banking sector, it is important that a certain form of training and assistance be accessible to all banks. The EBF stands ready to continue its cooperation with the UNEP FI to provide any assistance in further promotion of the PRB adoption and its awareness and support amongst banking leaders.
Another important milestone for #SustainableFinanceEU at today’s Stakeholder Dialogue. Latest updates on #TaxonomyEU Green Bond Standards and benchmarks @EU_Commission Crucial to reorient capital and trigger change of corporate behaviour.
To meet our 2030 #climate & #energy targets we need to work together.
@EU_Commission assessment of draft National Energy & Climate Plans shows clear progress, but 🇪🇺 countries still need to step up efforts to achieve our goals.
Country-specific reports https://t.co/a3PphcrDqy
“International Directors Banking Programme” is a new modular programme of three three-day modules at the INSEAD business school in Fontainebleau, France. The content is driven by the needs for bank directors and senior executives working in banks to review and update their corporate governance practices due to the many pressures they face, and will focus on the effectiveness of directors and boards. Successful completion by participants offers certification by INSEAD. Read more
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European Banking Federation
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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