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Banking sustainability strategy Regarding social responsibility (CSR), each company and organization can contribute significantly, but is there a business group that has a greater potential to contribute? Probably the financial sector, with the support of a good banking sustainability strategy. Banks and sustainability Why is it essential for banks to implement CSR in their operations? Because they have a close relationship with both the economic development of a person and a country and, therefore, a greater impact on the 17 Sustainable Development Goals (SDGs). banking sustainability strategy; banesco, what is a banking sustainability strategy like, the CSR of a bank, the sustainability of a bank, sustainable banks, Banesco sustainability report 2016, Banesco sustainability report 2016, Banesco sustainability report 2016, Banesco CSR report 2016, code Banesco ethics, sustainability strategy of a bank, CSR of Banesco, social responsibility of Banesco The research work “Banking and sustainability: a theoretical approach” by Ana Laura Sánchez and Felipe A.
Pérez-Sosa states that “banks, and financial institutions in general, are not immune to the growing demands for greater commitment social (…) translated into responsible business management Chinese Thailand Phone Number List committed to the sustainable development of the economy.” Therefore, they have the responsibility of designing a banking sustainability strategy that is in line with the concepts of sustainable finance and sustainable banking . Sustainable finance Defined by E. Grigoryeva et al. in Banking on sustainability as “the provision of capital and risk management products to projects and businesses that promote, or do not harm, economic prosperity, environmental protection and social justice.” Sustainable banking Defined as “the decision of banks to provide products and services only to clients that take into account the social and environmental impacts of their activities.” The financial sector plays a fundamental role in the economic development of any country and even more so in a developing one.
Joaquín López-Dóriga Ostolaza, advisor to El Economista . A banking sustainability strategy aligned with the SDGs One of the banking companies that has made public its commitment to CSR and that we can identify with the two previous concepts is Banesco , a comprehensive financial services organization whose values are to work with responsibility, reliability, quality and innovation, always prioritizing the needs of its clients and the well-being of its collaborators, called Banesco Citizens . Since 2006, this bank has published its CSR reports annually. This year was no exception and they released their 2016 Sustainability Report, in which they once again explain in detail the progress of their CSR initiatives and how these align with the five spheres of the SDGs: people , planet , prosperity , peace and alliances . “Achieving the SDGs requires the long-term commitment of society as a whole. We know that this is not just a task of the State; It is also the case of the private sector,” reads the introduction to the report.
Pérez-Sosa states that “banks, and financial institutions in general, are not immune to the growing demands for greater commitment social (…) translated into responsible business management Chinese Thailand Phone Number List committed to the sustainable development of the economy.” Therefore, they have the responsibility of designing a banking sustainability strategy that is in line with the concepts of sustainable finance and sustainable banking . Sustainable finance Defined by E. Grigoryeva et al. in Banking on sustainability as “the provision of capital and risk management products to projects and businesses that promote, or do not harm, economic prosperity, environmental protection and social justice.” Sustainable banking Defined as “the decision of banks to provide products and services only to clients that take into account the social and environmental impacts of their activities.” The financial sector plays a fundamental role in the economic development of any country and even more so in a developing one.
Joaquín López-Dóriga Ostolaza, advisor to El Economista . A banking sustainability strategy aligned with the SDGs One of the banking companies that has made public its commitment to CSR and that we can identify with the two previous concepts is Banesco , a comprehensive financial services organization whose values are to work with responsibility, reliability, quality and innovation, always prioritizing the needs of its clients and the well-being of its collaborators, called Banesco Citizens . Since 2006, this bank has published its CSR reports annually. This year was no exception and they released their 2016 Sustainability Report, in which they once again explain in detail the progress of their CSR initiatives and how these align with the five spheres of the SDGs: people , planet , prosperity , peace and alliances . “Achieving the SDGs requires the long-term commitment of society as a whole. We know that this is not just a task of the State; It is also the case of the private sector,” reads the introduction to the report.