Q5. Flashcards

1
Q

What are the Principles for Responsible Banking?

A

Set of sustainable development goals that allow banks to align their business strategies with their commitment to society.

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2
Q

What is the objective of Principles for Responsible Banking?

A

Create a positive reputation across the banking sector and build trust amongst investors, customers & employee.

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3
Q

What changes will be seen by banks if these principles are actioned?

A
  • More transparent
  • Held accountable
  • Invest in new emerging sectors
  • Introducing technology to better monitor impacts on the business
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