SANTO DOMINGO.- Banco Popular Dominicano was awarded the Sustainable Finance Award in the Dominican Republic by Global Finance magazine, a recognition that highlights the bank's contributions to mitigating the harmful effects of climate change and its commitment to sustainability.
The winners have been selected in 57 countries, seven of them in the Latin American region, based on applications and independent research conducted by the magazine.
The evaluation criteria included governance policies and objectives, as well as measurable achievements in sustainable environmental and social financing, with activities carried out between January and December 2022.
“While global energy prices have fluctuated in recent years due to the pandemic and regional conflicts, financial commitments to sustainability have not wavered. Global Finance’s Sustainable Finance Awards recognize financial institutions that have initiated, maintained, and increased their sustainable offerings and financing throughout 2022,” said Joseph Giarraputo, founder and editorial director of Global Finance, a New York-based magazine.
Catalysts for the nation's sustainable development
The CEO of Popular, Mr. Christopher Paniagua, appreciated the recognition and stressed that a sustainable vision characterizes the bank as a financial organization.
“We are proud to be a banking entity that is characterized, and recognized, for driving the Dominican economy towards a responsible banking model, being catalysts for the sustainable development of the nation, in economic, social and environmental terms,” said the CEO of Banco Popular.
The bank has a responsible banking model and a sustainable vision that were deepened with its adherence to the United Nations Principles for Responsible Banking in 2019.
Since then, Popular has implemented various initiatives to promote a more responsible production model, helping to incorporate sustainability into all areas of the banking business and in its relationships with its stakeholders.
Specifically, “Hazte Eco”, the largest portfolio of green products in the financial sector and a pioneer in this field, now has a total portfolio that closed in May 2023 above RD$12,571 million.
Photo: External source.
