In a significant move towards sustainable practices, Fidelity Bank Plc announced its official endorsement of the UN Principles for Responsible Banking (PRB), aligning its operations with a unified framework aimed at fostering a sustainable banking industry. The collaboration, fostered by the United Nations Environment Programme Finance Initiative (UNEP FI), promotes a collective effort among banks worldwide to integrate sustainability into their core operations.
The PRB serves as a pioneering framework to ensure that banks’ strategies and actions align with society’s vision outlined in the UN Sustainable Development Goals and the Paris Climate Agreement. By becoming signatories to these Principles, banks commit to advancing ambitious sustainability strategies, embedding sustainability at the core of their operations while maintaining innovation in sustainable finance.
Dr. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer of Fidelity Bank Plc, emphasised the bank’s long-standing commitment to sustainability through its partnership with UNEPFI. Joining the PRB signifies a pivotal step in affirming the bank’s dedication to enhancing positive impacts across sustainability domains, further integrating sustainability principles into its corporate strategy.
Under the PRB framework, signatory banks undertake a leadership role, illustrating how banking services, products, and relationships can accelerate transformative changes towards shared prosperity for present and future generations. This global banking community focused on sustainable finance facilitates knowledge sharing, best practices, and collaboration to drive the entire industry towards sustainability.
The adoption of the PRB represents an unprecedented commitment amid critical planetary challenges such as climate change, biodiversity loss, pollution, and societal issues. This collective effort aims to ensure that financial profitability goes hand in hand with a profound sense of purpose, laying the foundation for a positive future for both people and the planet.