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Riyad Bank Signs the UN Principles for Responsible Banking
Riyad Bank is announcing its official signing of the UN Principles for Responsible Banking, a comprehensive framework developed by the United Nations Environment Program Finance Initiative (UNEP FI) alongside banks worldwide. This milestone reflects Riyad Bank’s unwavering commitment to advancing sustainable banking practices and supporting Saudi Vision 2030.
The UN Principles for Responsible Banking provide a roadmap for aligning banking strategies with societal goals, particularly the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement. By signing these Principles, Riyad Bank commits to embedding sustainability into its core operations, ensuring its business decisions contribute positively to the environment, economy, and communities it serves.
Through these efforts, Riyad Bank will not only enhance its own sustainability strategy but also support its clients in adopting sustainable practices, creating long-term value for shareholders, and strengthening its contribution to the Saudi Green Initiative.
This initiative builds on Riyad Bank’s leadership in promoting sustainable finance, with a focus on innovation, environmental stewardship, and social responsibility. It complements the bank’s existing sustainability strategy, which prioritizes investments and activities that contribute to a low-carbon, inclusive future.
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