RFI Foundation endorses the global Principles for Responsible Banking

The RFI Foundation has endorsed the 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.  

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 banks to embed sustainability across all business areas, and to identity where they have the potential to make the most impact in their contributions to a sustainable world.

The Principles for Responsible Banking will be officially launched on 22 September during the United Nations General Assembly in the presence of United Nations Secretary-General and more than 30 bank CEOs.

Blake Goud, CEO of the RFI Foundation said: “We are excited to endorse the UNEP FI Principles for Responsible Banking because we believe that the objective of Islamic finance and its stakeholders are closely aligned with the objectives of the Principles for Responsible Banking.  These shared values provide a foundation for Islamic banks to manage both the positive and negative impacts of their activities. The RFI Foundation’s mission is to promote convergence in responsible finance around these shared values by creating partnerships that allow banks and other financial institutions to deliver more than they could by working on their own.”