ShareAction supports the development of the Principles for Responsible Banking, coordinated by UNEP FI, and has now become the latest organisation to officially endorse these Principles, which help any bank – whatever its starting point – to align its business strategy with society’s goals. ShareAction will promote the draft Principles within its networks, and encourages all banks to sign up and, more importantly, to rigorously apply the Principles.

ShareAction took part in the global public consultation on the Principles, and encouraged other organisations to do the same. We believe they provide a very strong starting point for banks that are serious about tackling climate change and aligning themselves with the goals of the Paris Agreement – as well as providing a framework for achieving broader sustainable development goals.

In the future, we hope that UNEP FI will provide further guidance on implementing the Principles and more detailed criteria to assess whether signatory banks’ targets are sufficiently ambitious. We look forward to working with UNEP FI and signatory banks to make these important Principles deliver the maximum impact possible.

Notes to editors:

• For more information, please contact Beau O'Sullivan at beau.osullivan@shareaction.org