Bank Pembangunan Malaysia Bhd (BPMB) has officially become a signatory of the global Principles for Responsible Banking (PRB) to achieve a sustainable banking industry developed through an innovative partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
Sustainability-focused PRB has set out the banking industry’s roles and responsibilities in shaping a sustainable future and in aligning the banking sector with the objectives of the UN Sustainable Development Goals and the 2015 Paris Climate Agreement.
Apart from providing banks with an avenue to leverage new business opportunities with the emergence of the sustainable development economy, PRB also enables banks to identify their prominent potential to make the most impact for a better economy and world.
“BPMB is proud to be one of two Malaysian banks, and the first among the country’s development financial institutions to commit to the UNEP FI Principles for Responsible Banking. BPMB is committed to be Malaysia’s leading developmental partner whilst supporting the nation’s future progress through digitalisation, sustainability and inclusivity. In this regard, BPMB will assess projects to ensure they positively impact the people, environment and national development,” said Arshad Mohamed Ismail, President and Group Chief Executive Officer.
Additionally, this collaboration will also allow BPMB to contribute to its collaborative work programmes through which the Bank will be able to develop leadership initiatives, guidelines and resources for a more positive impact in aligning the banking sector with the UN Paris Agreement on Climate Change and Sustainable Development Goals.