National Bank of Greece S.A. becomes Signatory of the global Principles for Responsible Banking

Κυριακή, 24 Ιανουαρίου 2021 14:06
National Bank of Greece S.A. becomes Signatory of the global Principles for Responsible Banking

National Bank of Greece S.A. (NBG) announces that it has endorsed the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through an innovative partnership between banks worldwide and United Nations Environment’s Finance Initiative – thus becoming an official Signatory together with more than 200 banks from around the world which represent more than a third of the global banking industry.

The Principles for Responsible Banking set out the banking industry’s role and responsibility in shaping a sustainable future and in aligning the banking sector with the objectives of the UN Sustainable Development Goals and the 2015 Paris Climate Agreement. They also, importantly, enable a bank to embed sustainability across all its business areas, and to identify where it has the potential to make the most impact in its contributions to a sustainable world. Additionally, they also position a bank to leverage new business opportunities with the emergence of the sustainable development economy.

Recognizing the significance of responsible practices for ensuring the sustainability of its long-term operation, as well as the creation of value for its shareholders, customers, employees and the community at large, NBG endorsed the UNEP FI Principles for Responsible Banking, aiming at further enhancing its commitment to its long-term strategic planning for contributing to a sustainable future for all.
Mr. Pavlos Mylonas, NBG’s CEO stated: “With pride, NBG endorses the UNEP FI Principles for Responsible Βanking. NBG, throughout its long history dating back to 1841, has successfully addressed the challenges of the future. And today, Corporate Social Responsibility has become a pivotal part of our strategy and we are constantly taking new initiatives so as to invest in a sustainable future and create long-term value”.

National Bank of Greece S.A. was established in 1841 and was the first bank to be set up in the modern Greek state, going on to play a key role in the economy of Greece throughout its long history. Today NBG heads one of the largest financial groups in Greece, playing a key role in the efforts to support the Greek economy and the economic and social transformation of the country. NBG offers a wide range of financial products and services that meet the ever evolving needs of private and business customers.

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