Degroof Petercam commits to the United Nations' Principles for Responsible Banking
December 14, 2021
Brussels- Geneva - In a further step that demonstrates its commitment towards sustainable development, Degroof Petercam signs the United Nations Principles for Responsible Banking (UN PRB). The Principles provide a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The UN PRB have the aim of incentivizing banks to set objectives for sustainable growth and to measure the impact of their own activities on individuals and the planet. They are the leading framework for ensuring that banks’ strategy and practice align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Under the Principles, signatory banks measure the environmental and social impact resulting from their business activities, set and implement targets where they have the most significant impact, and regularly report publicly on their progress.
Twenty years after the launch of its first sustainable fund and ten years after adhering to the UN Principles for Responsible Investment by DPAM (Degroof Petercam Asset Management), this signing marks another step forward in Degroof Petercam’s pledge to embed sustainability at the heart of its purpose and across its business areas.
Hugo Lasat, CEO of Degroof Petercam: “As a responsible group, we have the ambition to make a mark and have an impact when it comes to contributing to a sustainable future for Society. I strongly believe that we can combine financial and sustainable goals to create added value for all our stakeholders. We are committed to embark on a path of more intensive integration of sustainability into our banking operations. Investing sustainably and creating responsible prosperity is at the core of Degroof Petercam’s activities and is engraved in our purpose and value proposition. We are keen to play an active role in these collective efforts to deliver on the United Nations’ Global Agenda.”
More information on the Principles for Responsible Banking: www.unepfi.org/responsiblebanking