by Fidelity Bank Plc Signs the UN Principles for Responsible Banking
RALD NEWS MEDIA Report: Fidelity Bank Joins UN Principles for Responsible Banking
30 Nov. 2023, Lagos, Nigeria– Fidelity Bank Plc proudly announces its official endorsement of the UN Principles for Responsible Banking (PRB). This significant move solidifies the bank's commitment to sustainable practices, as the PRB serves as a global framework developed in collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The PRB stands as a pivotal framework, aligning banks' strategies with societal visions outlined in the UN Sustainable Development Goals and the Paris Climate Agreement. By becoming signatories, banks pledge to pursue ambitious sustainability strategies, integrating them into the core of their operations and staying at the forefront of sustainable finance.
Under these Principles, signatory banks, including Fidelity, will identify and measure the environmental and social impacts of their activities. They commit to implementing targets where their impact is most substantial and regularly reporting their progress to the public. The PRB establishes a systematic framework for banks to navigate the risks and opportunities emerging from the transition to more sustainable economies.
Dr. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer of Fidelity Bank Plc, expressed enthusiasm about this commitment, stating, "Signing onto the PRB is the next step in showcasing our dedication to sustainability. It aligns with our corporate strategy, affirming our determination to enhance positive impacts across all facets of sustainability."
As signatories, Fidelity and other banks take on a leadership role, exemplifying how banking products, services, and relationships can contribute to and expedite the necessary changes for shared prosperity among current and future generations. This initiative places them within the world's largest global banking community focused on sustainable finance, fostering collaboration, sharing best practices, and developing practical guidance and tools for the industry's benefit.
In a time marked by urgent global challenges such as climate change, nature loss, pollution, and social issues, this collective effort signifies an unprecedented journey of scale and scope. The collaboration ensures that profitability aligns seamlessly with a sense of purpose, addressing the major planetary crises of our time. Fidelity Bank joins this transformative movement, building a positive future for both people and the planet.
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