Mashreq NEO’s Post

In his latest article published by Forbes Middle East, Faisal Mohammed ALShimmari, Head of ESG and Corporate Strategy at Mashreq, shines the spotlight on sustainable financing and outlines the critical role that banks can play in enabling a net zero economy and building a brighter future. He highlights the importance of coordinated action to closing the sustainable financing gap, focusing on the ‘S’ in ESG to ensure that vulnerable communities are not left behind, and redefined public-private collaboration to advance climate resilience. He says, “When it comes to sustainability, banks are uniquely placed to make a positive and lasting impact on our world.” Read how the banking sector in collaboration with other stakeholders can create a greener and more resilient future for all: http://ms.spr.ly/6048mPgSy #Mashreq #RiseEveryDay #RiseResponsibly #SustainableFinance #Climb2Change

In his latest article published by Forbes Middle East, Faisal Mohammed ALShimmari, Head of ESG and Corporate Strategy at Mashreq, shines the spotlight on sustainable financing and outlines the critical role that banks can play in enabling a net zero economy and building a brighter future. He highlights the importance of coordinated action to closing the sustainable financing gap, focusing on the ‘S’ in ESG to ensure that vulnerable communities are not left behind, and redefined public-private collaboration to advance climate resilience. He says, “When it comes to sustainability, banks are uniquely placed to make a positive and lasting impact on our world.” Read how the banking sector in collaboration with other stakeholders can create a greener and more resilient future for all: http://ms.spr.ly/6042mPgSn #Mashreq #RiseEveryDay #RiseResponsibly #SustainableFinance #Climb2Change

In his latest article published by Forbes Middle East, Faisal Mohammed ALShimmari, Head of ESG and Corporate Strategy at Mashreq, shines the spotlight on sustainable financing and outlines the critical role that banks can play in enabling a net zero economy and building a brighter future. He highlights the importance of coordinated action to closing the sustainable financing gap, focusing on the ‘S’ in ESG to ensure that vulnerable communities are not left behind, and redefined public-private collaboration to advance climate resilience. He says, “When it comes to sustainability, banks are uniquely placed to make a positive and lasting impact on our world.” Read how the banking sector in collaboration with other stakeholders can create a greener and more resilient future for all: http://ms.spr.ly/6044mPgSi #Mashreq #RiseEveryDay #RiseResponsibly #SustainableFinance #Climb2Change

Principles For Responsible Banking (PRB) Principle I: Alignment of business strategy to be consistent with & contribute to individuals & society’s goals as expressed in SDGs, PA, national & regional frameworks: -Business Models, products & services support sustainable future; -The board & appropriate Departments have comprehensive understanding of Sustainable Development Goals (SDGs), Paris Agreement & UN principles on business & Human rights; -Focus on SDGs most relevant to the bank’s operating context, e.g., SDG 13 “Climate Action”; -Use climate targets & SDGs as a framework to evaluate & adapt bank’s value creation model & strategy; -Integrate SDGs, Paris Agreement, etc. into business decisions, product development & capital allocation decisions; -Consult & engage with stakeholders. #Risk_Management #Governance #Sustainability #ESG #Green_Finance_Stratgies #cop28uae #Green_Planet_Consulting #Optimal_Academy

Stanbic Bank Kenya Bank discusses its commitment to sustainability and creating shared value for stakeholders. Hear from Were Priscilla, Head of Sustainability, about: Integrating sustainability into core strategies and initiatives. Expanding their green lending portfolio and financial inclusion. Deepening climate action and environmental, social, and governance (ESG) alignment. Leveraging a robust risk management framework for sustainable development.

Five Years of the Principles for #ResponsibleBanking: 2019-2024 "The UN holds a clear vision for what a responsible banking sector looks like. Responsible banks measure and manage the impact of their financing on people, society, the planet. That's why we are proud to celebrate Five Years of the Principles for Responsible Banking. The Principles are the foremost sustainable banking framework – constituting the singular mechanism by which banks can positively align their strategy, practices, lending and investment with the UN Sustainable Development Goals, Paris Climate Agreement and Kunming-Montreal Global Biodiversity Framework. As we look back on the journey from the launch of the Principles in 2019 to today, we thank our more than 350 PRB signatory banks - representing 83 countries and 54% of global banking assets - for their incredible leadership in accelerating the transition to a more sustainable future." - Eric Usher, Head, UNEP Finance Initiative #5YearsofthePRB

The results speak for themselves: frameworks like the PRB are driving real change. Since joining in 2022, I’ve seen first-hand how our 350+ signatory banks are delivering positive impact—improving financial health, advancing sustainability, and aligning with global goals like the SDGs and the Paris Agreement. This is proof that responsible banking works, and we're just getting started! 🌍💼 #5YearsofthePRB #ResponsibleBanking #SustainableFinance #Socialimpactbanking

On July 18, 2024, the UN Environment Programme Finance Initiative (UNEP FI) launched the first reports in a new series to aid banks in operationalizing the connections between the circular economy and key sustainability challenges, including climate change, nature loss, and pollution. These resources are designed for the 300+ signatories of the Principles for Responsible Banking and the wider banking sector. Key Highlights: - Practical guidance for banks to move from target-setting to delivering sustainability commitments. - Encouragement for banks to embed circularity into policies, engage with clients, and redirect financial flows towards circular solutions. - Support for banks to leverage circular economy strategies to achieve net-zero and other sustainability goals. Why It Matters: “This new guidance supports banks in fostering circular solutions critical to addressing climate change, pollution, and nature loss while building a sustainable global economy,” said Eric Usher, UNEP FI Head. Follow Global Regulatory Insights for the latest in regulatory news and insights. #UNEPFI #CircularEconomy #Sustainability #ResponsibleBanking #ClimateChange #LegalUpdates #GRI

"Banks are by nature conservative and what we seek to do is educate bankers and broader stakeholders not only on acronyms such as ESG but also on how to upskill the market broadly for a deeper incorporation of sustainability objectives." Vijay Bains is the first-ever Group Head of Environmental, Social and Governance (ESG) appointed by Emirates NBD, assuming the mandate to increase the bank’s sustainable finance offerings and investments, implement corporate governance requirements, as well as embedding ESG principles across the organization and its business strategy. 𝗥𝗲𝗮𝗱 𝗙𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁 𝗵𝗲𝗿𝗲: https://lnkd.in/dVzVxYUx #SustainabilityLeaders #ESG #Top100Voices #Sustainability Climate Penpal COP28 UAE

Sustainability as a business opportunity is mainstreaming across the planet, as countries are finally recognizing just how much risk and opportunities exist in the space..come and see for yourselves what’s emerging in the area! #climatechange #climateadaptation #newbusiness #sustainablepractices #notonlydoomandgloom