Responsible Banking

Bancaribe International Bank Signs the UN Principles for Responsible Banking

Bancaribe International Bank has become an official signatory to the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

The Principles are the leading framework for ensuring that banks’ strategy and practice align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks who have signed the Principles commit to be ambitious in their sustainability strategies, working to mainstream and embed sustainability into the heart of their business, while allowing them to remain at the cutting-edge of sustainable finance.

Under the Principles, signatory banks identify and measure the environmental and social impact resulting from their business activities, set and implement targets where they have the most significant impact, and regularly report publicly on their progress.  The Principles provide a framework for banks to systematically understand the risks and seize the opportunities arising from the transition to more sustainable economies.

Signatories to the Principles take on a leadership role, demonstrating how banking products, services, and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet. These banks, including Bancaribe International Bank, also join the world’s largest global banking community focused on sustainable finance, sharing best practices and working together on practical guidance and pioneering tools of benefit to the entire industry.

This is a journey of unprecedented scale and scope at a time when such ambition is urgently needed to address the major planetary crises of climate change, nature loss, pollution, and social issues. Together, such efforts will ensure that profitability goes hand in hand with a sense of purpose.

Engelbert Rodríguez, CEO of Bancaribe International Bank, emphasizes: “By joining UNEP FI, we reaffirm our commitment to a banking model that creates positive impact beyond profits, fostering social well-being and advancing sustainable development in the markets we attend. Through this global partnership, we will drive more effective, consistent, and meaningful progress toward responsible banking.”

More information on the Principles for Responsible Banking: www.unepfi.org/responsiblebanking