November 16, 2021, Mexico City – UNIFIN Financiera has become an official Signatory of the UN Principles for Responsible Banking – a unique framework for a sustainable banking industry developed through a partnership between banks and financial institutions with banking activities worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
The Principles are the leading framework for ensuring that banks’ and financial institutions with banking activities strategy and practice align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks and financial institutions with banking activities who have signed the Principles commit to be ambitious in their sustainability strategies, working to mainstream and embed sustainability into the heart of their business, while allowing them to remain at the cutting-edge of sustainable finance.
Under the Principles, signatories measure the environmental and social impact resulting from their business activities, set and implement targets where they have the most significant impact, and regularly report publicly on their progress. The Principles provide a framework to systematically understand the risks and seize the opportunities arising from the transition to more sustainable economies.
Signatories to the Principles take on a leadership role, demonstrating how financial products, services and relationships can support and accelerate the changes necessary to achieve shared prosperity for both current and future generations, building a positive future for both people and planet. These institutions also join the world’s largest global banking community focused on sustainable finance, sharing best-practice and working together on practical guidance and pioneering tools of benefit to the entire industry.
This is a journey of unprecedented scale and scope at a time when such ambition is urgently needed to address the major planetary crises of climate change, nature loss, pollution and social issues. Together, these collective efforts will ensure that profitability goes hand in hand with a sense of purpose.
UNIFIN’s adherence to the Principles of Responsible Banking strengthens its alignment with the Sustainable Development Goals of the United Nations and the Paris Agreement, promoting a responsible and inclusive banking model, especially for SMEs in Mexico.
“Financial institutions play a key role in building sustainable communities, and at UNIFIN we are ready to contribute to equitable economic development. By adhering to these principles, we want to take a leadership role in accelerating the fundamental and necessary changes in the economy for current and future generations to achieve shared prosperity,” said Sergio Camacho, UNIFIN’s CEO.
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Director, IR and Corporate Finance