Hrvatska poštanska banka became the first bank in Croatia to sign the United Nations Principles for Responsible Banking (PBR) - the world’s foremost sustainable banking framework developed by the global banking industry and the United Nations Environment Programme Finance Initiative.
The Principles are the leading banking framework through which the financial industry addresses global environmental, social and governance (ESG) challenges and which enable banks to take action to align their strategies and practices with the UN Sustainable Development Goals and the Paris Climate Agreement.
The signatories of the Principles commit to integrate sustainability strategies bringing purpose, vision and ambition on sustainable finance to the core of the organisation.
By signing up, banks can meaningfully address the environmental and social impacts of their business activities, set and deliver on ambitious targets in the areas where they have the most significant impact and regularly report the public on their progress. The Principles provide a framework for banks to systematically understand risks and harness opportunities arising from the transition to a sustainable economy.
By signing the Principles for Responsible Banking, Hrvatska poštanska banka joins the world's largest global banking community focused on sustainable finance and the implementation of changes that enable shared prosperity of current and future generations, to shape a better, safer and more sustainable future for people and the planet.
Nikolina Kolarić, Director of Sustainability Office at HPB, said on the occasion:
"We take pride in being the first bank in Croatia to sign the UN Principles for Responsible Banking and in joining the community of banks committed to the same goal. At HPB, we continuously work to integrate sustainable practices into our operations. The Principles for Responsible Banking are aligned with HPB's strategy and our ambition to create a sustainable organisation with a meaningful positive impact on the environment and society. Our goal is to contribute to the sustainable development of the entire economy for the benefit of all our stakeholders. As a signatory of the Principles, HPB expresses its willingness to take an active role in driving sustainable changes."
More information on the Principles for Responsible Banking is available at www.unepfi.org/responsiblebanking
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