Fidelity Bank Commits to Sustainable Banking - The Top Society

Fidelity Bank Commits to Sustainable Banking

Joins UN Principles for Responsible Banking

TOPSOCIETYNG
Under the practice of sustainable banking practices, Fidelity Bank Plc has officially become a signatory of the United Nations Principles for Responsible Banking (PRB), reinforcing its commitment to aligning banking strategies with global sustainability goals.
The PRB, established through collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI), serves as a comprehensive framework for fostering a sustainable banking industry. It is designed to ensure that banks’ strategies and operations are in harmony with the vision outlined in the UN Sustainable Development Goals and the Paris Climate Agreement.
By joining the Principles, Fidelity Bank commits to ambitious sustainability strategies, integrating sustainability at the core of its business operations while staying at the forefront of sustainable finance. Signatory banks undertake to identify, measure, and address the environmental and social impact of their activities, set targets where their influence is most significant, and provide transparent and regular public reporting on their progress.
Sustainable banking
Dr Nneka Onyeali-Ikpe, OON, Managing Director/Chief Executive Officer of Fidelity Bank Plc, expressed the bank’s dedication to sustainability.
As long-time signatories to UNEPFI, signing onto the PRB is the next step to show our commitment to sustainability. Sustainability is central to our corporate strategy as a bank and joining the Principles further affirms our determination to increasing our positive impacts in all aspects of sustainability. The PRB aligns with our sustainability principles and the bank is delighted to join the global community of signatories championing sustainable development around the world”, she remarked.
As long-time signatories to UNEPFI, Fidelity Bank sees the adoption of PRB as the next step in demonstrating its commitment to sustainability principles. The PRB aligns seamlessly with the bank’s existing sustainability framework, reflecting its eagerness to contribute to global sustainable development.
Signatories to the Principles, including Fidelity Bank, assume a leadership role in showcasing how banking products, services, and relationships can facilitate and accelerate the necessary changes for shared prosperity among present and future generations. By joining the world’s largest global banking community focused on sustainable finance, these banks share best practices, collaborate on practical guidance, and pioneer tools beneficial to the entire industry.
This commitment comes at a crucial time, addressing pressing planetary crises such as climate change, nature loss, pollution, and social issues. Fidelity Bank’s dedication to sustainability exemplifies its belief that profitability and a sense of purpose can go hand in hand, contributing to a positive future for both people and the planet.
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