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.
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.
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