Fidelity Bank Plc Signs the UN Principles for Responsible Banking

Fidelity Bank Plc has officially become a signatory to the UN Principles for Responsible Banking (PRB), a comprehensive framework for fostering a sustainable banking industry developed in collaboration with banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).

The Principles serve as a leading framework to ensure that banks align their strategies and practices with the societal vision outlined in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks endorsing these Principles commit to adopting ambitious sustainability strategies, integrating sustainability into their core business operations, and maintaining a pioneering position in sustainable finance.

As part of the commitment to the Principles, signatory banks undertake to assess and quantify the environmental and social impact arising from their business activities. They establish and implement targets in areas where their influence is most substantial and regularly disclose their progress publicly. The Principles provide a structured framework for banks to systematically comprehend the risks and capitalize on opportunities arising from the transition to more sustainable economies.

Expressing enthusiasm about joining the PRB, Dr. Nneka Onyeali-Ikpe, the Managing Director/Chief Executive Officer of Fidelity Bank Plc, highlighted the bank's longstanding commitment to UNEPFI. Joining the PRB represents a significant stride in reaffirming the bank's dedication to sustainability. The PRB aligns seamlessly with Fidelity Bank's sustainability principles, showcasing the bank's determination to enhance positive impacts across various sustainability facets.

Signatories to the Principles assume a leadership role, exemplifying how banking products, services, and relationships can contribute to and expedite the necessary changes for achieving shared prosperity for present and future generations. By becoming part of the world's largest global banking community focused on sustainable finance, these banks actively share best practices, collaborate on practical guidance, and pioneer tools that benefit the entire industry.

This commitment unfolds in the face of unprecedented challenges, addressing critical global issues such as climate change, nature loss, pollution, and social concerns. Together, these collective endeavors ensure that profitability aligns harmoniously with a sense of purpose, fostering a positive future for both people and the planet.