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Principles for responsible banking
In September 2020, NLB became the first bank in Slovenia to sign the United Nations Environmental Program Financial Initiative Principles for Responsible Banking (hereinafter: the Principles) and started to implement the Principles into all NLB Group banking members.
The Principles are a single framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and the United Nations Organisation. The banking community through the Principles works together to accelerate a positive global transition for people and the planet. With over 330 signatory banks representing over half of the global banking industry, the Principles are the world’s foremost sustainable banking framework.
Through the Principles, banks take action to align their core strategy, decision-making, lending and investment with the UN Sustainable Development Goals, and international agreements such as the Paris Climate Agreement. Banks from all over the world, including NLB, are convened by the United Nations to collectively produce cutting-edge guidance and pioneering tools on key areas of sustainable finance, learn best-practice from their peers, scientists and industry experts, and benefit from individual feedback and collective reviews as they progress on their sustainability journey.
The Principles for Responsible Banking include the Net-Zero Banking Alliance, which is the climate-focused initiative of this global framework.
Commitment to United Nation Principles for Responsbile Banking
Alignment
We will align our business strategy to be consistent with and contribute to individuals’ needs and society’s goals, as expressed in the Sustainable Development Goals, the Paris Climate Agreement and relevant national and regional frameworks
Impact and Target Setting
We will continuously increase our positive impacts while reducing the negative impacts on, and managing the risks to, people and environment resulting from our activities, products and services. To this end, we will set and publish targets where we can have the most significant impacts.
Clients and Customers
We will work responsibly with our clients and our customers to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations.
Stakeholders
We will proactively and responsibly consult, engage and partner with relevant stakeholders to achieve society’s goals.
Governance & Culture
We will implement our commitment to these Principles through effective governance and a culture of responsible banking.
Transparency & Accountability
We will periodically review our individual and collective implementation of these Principles and be transparent about and accountable for our positive and negative impacts and our contribution to society’s goals
Commitment to United Nation Principles for Responsbile Banking
NLB Group is committed to aligning its business with all six principles for responsible banking and to transparently review and report on progress annually.
