Fidelity Bank Plc has solidified its dedication to sustainable banking practices by officially signing on to the UN Principles for Responsible Banking (PRB), a significant milestone in aligning the bank’s strategy with global sustainability goals.
Developed in collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI), the PRB framework sets forth a comprehensive strategy for fostering a sustainable banking industry. Signatories of these principles commit to integrating sustainability at the core of their operations, aligning with the UN Sustainable Development Goals and the Paris Climate Agreement.
By joining the PRB, Fidelity Bank demonstrates a commitment to driving sustainability across its business operations, seeking to quantify the environmental and social impact of its activities, and taking proactive steps to mitigate risks and capitalize on opportunities for sustainability.
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Dr. Nneka Onyeali-Ikpe, OON, the Managing Director/Chief Executive Officer of Fidelity Bank Plc, highlighted the bank’s longstanding commitment to sustainability, expressing enthusiasm about becoming a signatory to the PRB. This move reinforces Fidelity Bank’s determination to maximize positive impacts while championing sustainable development globally.
As a signatory, Fidelity Bank assumes a leadership role within the banking sector, showcasing how banking services and relationships can catalyze and expedite the transformative changes essential for achieving shared prosperity for current and future generations. This step also places the bank within a global community of financial institutions focused on sustainable finance, fostering collaboration, and sharing best practices to benefit the entire industry.
The decision to adhere to the PRB signifies a significant stride towards addressing critical global challenges, including climate change, nature loss, pollution, and social issues. Fidelity Bank’s commitment to these principles affirms its pursuit of profitability intertwined with a resolute sense of purpose, fostering a positive future for both people and the planet.
