Eldik Bank Signs the UN Principles for Responsible Banking
Eldik Bank has become one of the first banks in the Kyrgyz Republic to become an official signatory of the UN Principles for Responsible Banking (PRB) – a framework for a sustainable banking sector developed by the United Nations Environment Programme Finance Initiative (UNEP FI) jointly with banks worldwide.
The PRB ensures that banks’ strategies and practices align with the vision for the future set out in the UN Sustainable Development Goals and the Paris Climate Agreement.
By becoming a signatory of the PRB, Eldik Bank reaffirms its commitment to sustainable development by integrating it into its strategy, as well as pledging to identify and measure the environmental and social impact of its activities, set and implement targets in areas of greatest impact, and regularly publish reports on the progress achieved.
Furthermore, by committing to these Principles, Eldik Bank takes on a leadership role in sustainable finance, demonstrating how banking products, services, and partnerships can support and accelerate the changes needed to achieve the well-being of present and future generations, creating a positive future for people and the planet.
Eldik Bank also becomes part of a global community of banks that share best practices and jointly develop recommendations and innovative tools for the benefit of the entire industry.
“Joining the Principles for Responsible Banking is an important step in implementing our sustainability strategy. Eldik Bank strives to be an active driver of change, supporting the economy, society, and environment of the country. We are confident that membership in UNEP FI will strengthen our role as a responsible bank in Kyrgyzstan and Central Asia,” said Ulanbek Nogaev, Chairman of the Management Board of Eldik Bank OJSC.
Background: The PRB is the framework under which the United Nations and the global banking sector work together to enable and accelerate the economic transition needed to achieve global and local goals for a sustainable future. Uniting more than 350 banks from more than 85 countries, the Principles are aimed at systematically embedding sustainability into banking practices to address the major planetary crises of climate change, nature loss, pollution and social issues.
UNEP Finance Initiative brings together a large network of over 500 banks, insurers and investors that catalyses action across the financial system to deliver more sustainable global economies. PRB signatories commit to identifying and measuring the environmental and social impact resulting from their business activities, setting and implementing targets where they have the most significant impact, and regularly reporting publicly on their progress.
More information about the Principles for Responsible Banking: www.unepfi.org/responsiblebanking/
