Access Bank and 25 other global banks from five continents are re-defining banks’ purpose and business model to align with the United Nations’ Sustainable Development Goals and the Paris Climate Agreement.
Both the UN SDGs and the Paris Agreement on climate change have set ambitious targets to deliver a sustainable future for all. As two thirds of worldwide finance is provided by banks, the global banking system will be instrumental in achieving these
goals.
Group Managing Director, Access Bank, Mr. Herbert Wigwe, said, “Access Bank remains committed to leading efforts in sustainable development across various industry platforms, forging new partnerships with the public and the private sector.”
About 26 of UN Environment Finance Initiative’s banking members are leading an initiative for banks worldwide to reaffirm their purpose and align their business practices with these objectives. Convened by the UNEP FI secretariat, the banks are developing global banking principles that will direct banks’ efforts to align with society’s goals as expressed in the SDGs, the Paris Agreement, as well as national and regional frameworks.
They are also expected to set the global benchmark for sustainable banking drive ambition, by requiring signatory banks to set goals on accountability and transparency.
