SANTO DOMINGO - The Popular Association of Savings and Loans (APAP) announced its incorporation into the United Nations Principles for Responsible Banking, a community of more than 350 financial institutions worldwide.
"In a global context marked by increasingly complex environmental, social and economic challenges, at APAP we responsibly assume our role as driving forces of economic development, through sustainable and inclusive practices that improve the quality of life and well-being of our savings partners, clients, employees and communities," said APAP's CEO, Gustavo Ariza, during the signing of the agreement.
The Principles for Responsible Banking provide a framework for action to ensure that the banking business strategy is aligned with the Sustainable Development Goals (SDGs), the Paris Agreement on Climate, among other national and regional priorities.
The agreement on principles was signed by the CEO of APAP and the Regional Leader for Latin America and the Caribbean of the United Nations Environment Programme Finance Initiative (UNEP FI), Mabel González Pacheco, at APAP's corporate headquarters.
By becoming a signatory to the principles, APAP commits to strengthening its sustainable business model, integrating new trends and environmental and social considerations into its operations.
For her part, the regional leader of UNEP FI welcomed APAP's incorporation into the largest global banking community, and reiterated the commitment to support them in identifying new business opportunities focused on sustainable finance.
UNEP FI is a UN-convened network of financial institutions that includes banks, insurers, and investors. Its members represent over $100 trillion in assets and seek to strengthen market practices in responsible banking and sustainable insurance.
