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UN Principles for Responsible Banking cuts reporting requirements

Banks using PRB framework to aid CSRD reporting in absence of finance sector guidance

Some banks are using a framework designed for the Principles for Responsible Banking (PRB) initiative to help meet reporting requirements under the EU Corporate Sustainability Reporting Directive (CSRD), a UN Environment Programme Finance Initiative (UNEP FI) webinar heard.

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

UN's Principles for Responsible Banking tightens signatory scrutiny

Signatories of the UN Principles for Responsible Banking (PRB) have voted to establish a governance body to ensure effective implementation of the commitments, which could ultimately lead to laggards being thrown out.