Neither an irresponsible lender nor borrower be
Lending should be made only to economic activities that optimise the best return for the general community
The recent commitment of 130 banks from 49 countries to the UN principles for responsible banking (PRB), which were adopted in September 2019, marks an important milestone for the banking industry and so for the oil and gas industry as well. The principles guide banks on how to align their business strategy with society’s goals. This framework will undoubtedly play an important role in building a more sustainable future through a combination of project funding and investment considerations.
The PRB consist of six principles that set a global standard for responsibility...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.