Launched ahead of the UN Climate Action Summit in New York, the PRB provides a global framework for a sustainable banking system.
By Paul A. Davies and Michael D. Green
On 22 September 2019, the United Nations and a group of 130 banks from 49 countries launched the UN Principles for Responsible Banking (PRB) to provide an international framework for a sustainable banking system, and allow signatories to demonstrate their commitment to achieving the goals expressed in the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement.
This blog post will explore the content of the PRB, as well as the key steps, outlined by the UN Environment Programme Finance Initiative (UNEP FI), that signatory banks should implement to demonstrate compliance.