Converse Bank has become an official signatory of the UN Principles for Responsible Banking
YEREVAN, December 9. /ARKA/. Converse Bank has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The Principles are the leading framework for ensuring that banks’ strategy and practice align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks who have signed the Principles commit to be ambitious in their sustainability strategies, working to mainstream and embed sustainability into the heart of their business, while allowing them to remain at the cutting-edge of sustainable finance.
Under the Principles, signatory banks identify and measure the environmental and social impact resulting from their business activities, set and implement targets where they have the most significant impact, and regularly report publicly on their progress. The Principles provide a framework for banks to systematically understand the risks and seize the opportunities arising from the transition to more sustainable economies.
Signatories to the Principles take on a leadership role, demonstrating how banking products, services and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet. These banks also join the world’s largest global banking community focused on sustainable finance, sharing best-practice and working together on practical guidance and pioneering tools of benefit to the entire industry.
This is a journey of unprecedented scale and scope at a time when such ambition is urgently needed to address the major planetary crises of climate change, nature loss, pollution and social issues. Together, these collective efforts will ensure that profitability goes hand in hand with a sense of purpose.
The application of Converse Bank to join the Principles for Responsible Banking was signed by the Chief Executive Officer and Chairman of the Management Board, Andranik Grigoryan.
Mr. Grigoryan emphasized: "We take great pride in announcing that we are the first in the region to join the UNEP FI Principles for Responsible Banking. In all our endeavors, we have remained steadfast in our commitment to the principles of sustainable business growth, continually refining and expanding the range of our services. We have always focused on creating and fostering long-term value for our employees, customers, shareholders, and the broader community, achieving shared prosperity for current and future generations.
Our commitment encompasses the social, environmental, and economic aspects of resilience. We reaffirm our dedication and determination to actively engage in and take a leading role in advancing sustainable changes."
Converse Bank is regulated by RA CBA.
