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OTP signs UN Principles for Responsible Banking

Banking

Image by Adriana Iacob / Shutterstock.com

OTP Bank on Friday said it became the first Hungarian lender to sign the UN Principles for Responsible Banking, a framework for ensuring signatories' strategy and practices align with the Sustainable Development Goals and the Paris Climate Agreement, according to a report by state news wire MTI.

"With the signature OTP Bank committed itself to implementing its sustainability strategy and working to mainstream and embed sustainability into the heart of its business," OTP said.

The principles include working responsibly with clients "to encourage sustainable practices and enable economic activities that create shared prosperity for current and future generations".

Over 250 banks representing over 40pc of banking assets worldwide have joined the UN Principles for Responsible Banking.

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