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CBI > Unit 2 - Responsible & Sustainable banking > Flashcards

Unit 2 - Responsible & Sustainable banking Flashcards

1
Q

What describes best a banks mission statement?

A

A brief summary of the banks overall purpose.

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2
Q

What is NOT one of the pillars of sustainability?

A

Financial

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3
Q

What is NOT an example of a bank behaving sustainability?

A

Lending only to creditworthy customers because some customers may be investing in unsustainable projects.

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4
Q

What is one of the Sustainable Development Goals that is worded correctly?

A

SDG 1 is to end poverty in all its forms everywhere

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5
Q

What is the stated purposes of the UN Principles for Responsible Banking?

A

“To transform the banking industry to enable it to play a leading role in achieving society’s goals”

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6
Q

An organisations business and ethical values are typically expressed in which of the following documents:

A

An ethics policy & code of ethics

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7
Q

What are the 3 pillars of sustainability

A

Economic, Social, Environmental

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8
Q

Local councils; regulators; and government agencies are stated to be which type of Bank Stakeholder group:

A

Social/Political Stakeholders

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9
Q

A banks vision statement is NOT about:

A

Providing employees & external stakeholders with clarity about what the organisation is fundamentally there to do.

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10
Q

What concept comprises 3 pillars?

A

Sustainability

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11
Q

How many UN Sustainable Development Goals (SDG’s) are there?

A

17

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12
Q

According to Triodos Bank, what is the ‘triple bottom line’?

A

People, Planet, Profit

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13
Q

Which of the following is number 1 of the UN Sustainable Development goals:

A

Poverty

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14
Q

The UN Principles for Responsible banking were established in which year:

A

2019

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15
Q

With regards to the UN Principles for Responsible Banking, Banks that sign up have how many years to complete how many steps?

A

4 years 4 steps

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16
Q

Which of the following is NOT one of the UN Principles for Responsible Banking?

A

Global framework for Banks

17
Q

In what ways can a financial services organisation support the achievement of the UN SDGs?

A

Provide loans for SDG solutions & allow entrepreneurs access to finance

18
Q

How many banks were signed up to be the founding members of the UN Principles for Responsible Banking?

A

28

19
Q

Excellence, Integrity and Stewardship are examples of what?

A

Bank’s Corporate Values

20
Q

Which of the following are examples of Social/Political stakeholders?

A

Councils, regulators and government agencies

21
Q

Banks define their purpose by publishing several documents. What does a bank vision statement contain

A

The banks aspirations for the future

22
Q

Which of the following is NOT a typical Bank objective?

A

Customers - a bank will aim to ensure that all customers have at least 2 products & services with the organisation.

23
Q

Which of these statements is TRUE regarding the Paris Climate Agreement?

A

A legal binding international treaty on climate change adopted in Paris in 2016.

24
Q

What type of organisation is Corporate Social Responsibility aimed at?

A

All types of organisations, regardless of their activity, size or location

25
Q

Which of the following is NOT an advantage of an organisation having a Corporate Social Responsibility policy?

A

Reputation may suffer due to increased scrutiny and decreased profits.

26
Q

What is correct about the UN Principles for Responsible Banking?

A

They expect banks to publish an Impact Analysis

27
Q

What is a banks stakeholder?

A

Individual/group who has an interest in a bank, who affects the bank/affected by the banks operation’s & performance.

28
Q

Who are stakeholders?

A

Shareholders, customers, employees, directors/managers, the local economy, society, future generations, regulators & government

29
Q

What is the case study on ethical bank?

A

Triodos Bank N.V. founded in 1980, based in Netherlands & is leading expert in sustainable banking , 1 of their core values

30
Q

Who launched the Principles for Responsible Banking?

A

The United Nations Environment Programme Finance Initiative ( UNEP FI) 2018

31
Q

How many Principles of Responsible Banking are there?

A

6 principles
1. alignment 2. Impact & target setting
3. Clients/customers 4. Stakeholders
5. Governance&culture
6. Transparency & accountability

32
Q

What is the 3 step process UNEP FI has to guide banks?

A

Step 1: Impact Analysis
Step 2: Target setting
Step 3: Reporting

33
Q

How can a bank support the SDGs?

A

Providing debt finance for SDG solutions etc

CBI (7 decks)

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