Unit 2 - Responsible & Sustainable banking Flashcards
What describes best a banks mission statement?
A brief summary of the banks overall purpose.
What is NOT one of the pillars of sustainability?
Financial
What is NOT an example of a bank behaving sustainability?
Lending only to creditworthy customers because some customers may be investing in unsustainable projects.
What is one of the Sustainable Development Goals that is worded correctly?
SDG 1 is to end poverty in all its forms everywhere
What is the stated purposes of the UN Principles for Responsible Banking?
“To transform the banking industry to enable it to play a leading role in achieving society’s goals”
An organisations business and ethical values are typically expressed in which of the following documents:
An ethics policy & code of ethics
What are the 3 pillars of sustainability
Economic, Social, Environmental
Local councils; regulators; and government agencies are stated to be which type of Bank Stakeholder group:
Social/Political Stakeholders
A banks vision statement is NOT about:
Providing employees & external stakeholders with clarity about what the organisation is fundamentally there to do.
What concept comprises 3 pillars?
Sustainability
How many UN Sustainable Development Goals (SDG’s) are there?
17
According to Triodos Bank, what is the ‘triple bottom line’?
People, Planet, Profit
Which of the following is number 1 of the UN Sustainable Development goals:
Poverty
The UN Principles for Responsible banking were established in which year:
2019
With regards to the UN Principles for Responsible Banking, Banks that sign up have how many years to complete how many steps?
4 years 4 steps
Which of the following is NOT one of the UN Principles for Responsible Banking?
Global framework for Banks
In what ways can a financial services organisation support the achievement of the UN SDGs?
Provide loans for SDG solutions & allow entrepreneurs access to finance
How many banks were signed up to be the founding members of the UN Principles for Responsible Banking?
28
Excellence, Integrity and Stewardship are examples of what?
Bank’s Corporate Values
Which of the following are examples of Social/Political stakeholders?
Councils, regulators and government agencies
Banks define their purpose by publishing several documents. What does a bank vision statement contain
The banks aspirations for the future
Which of the following is NOT a typical Bank objective?
Customers - a bank will aim to ensure that all customers have at least 2 products & services with the organisation.
Which of these statements is TRUE regarding the Paris Climate Agreement?
A legal binding international treaty on climate change adopted in Paris in 2016.
What type of organisation is Corporate Social Responsibility aimed at?
All types of organisations, regardless of their activity, size or location
