130 Banks From Nearly 50 Countries Join New U.N. Initiative To Focus More On Social, Environmental Impacts
Devex: One-third of world’s banking industry pledges to align business with SDGs
“A group of 130 banks is on board to reorient the industry away from a purely profit focus to a new paradigm where social and environmental impacts matter, too. The banks, hailing from nearly 50 countries, have signed the new Principles for Responsible Banking, an initiative between the financial institutions and the United Nations. Skeptics question whether this effort will really impact an industry that needs to transform in order to finance global development and climate work. But the announcement has some in the financial sector excited about getting banks on board with the Sustainable Development Goals…” (Saldinger, 9/24).