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Illimity Adheres to United Nations Principles for Responsible Banking
illimity Bank S.p.A. (“illimity” or the “Bank”), signed the UN Principles for Responsible Banking (PRB), one of the most important sustainability framework in the financial sector. The PRB has 338 signatories worldwide, representing approximately 54% of global banking assets, as well as $ 98.7 trillion in total assets.
Developed by UNEP FI (United Nations Environment Programme Finance Initiative), an organization founded in 1992 that works with the financial sector on sustainability issues, the PRB is the reference framework for signatory banks that are committed to aligning their strategy, decision-making processes as well as their investment and lending policies, with the United Nations Sustainable Development Goals (SDGs) and the Paris Climate Agreement. The goal is to inspire, inform and allow the banking sector to engage by creating common guidelines and best practices on sustainable finance.
“We have always been at the forefront when it comes to ESG issues and, since the foundation of illimity, we have paid close attention to sustainability by integrating every aspect of it into the Group’s strategy, processes and governance.” – states Fabio Pelati, Head of Investor Relations & Sustainability of illimity – “The commitment to the Principles for Responsible Banking represents for us the natural evolution of a path that has long been underway and it is a further incentive to carry out the objectives we have set ourselves with the recent Sustainability Plan 2023-2025”.
Since March 2023, illimity has set further quantitative and qualitative goals by presenting the 2023-2025 Sustainability Plan with a view to continuously growth in the ESG commitment, in order to improve its processes and create value for all stakeholders.
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