APAP joins the United Nations Principles for Responsible Banking

The Popular Savings and Loans Association (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 drivers of economic development, through sustainable and inclusive practices, which improve the quality of life and well-being of our saving partners, clients, collaborators, and communities,” stated the executive president of APAP, Gustavo Ariza, during the signing of the agreement.

The Principles for Responsible Banking constitute a framework for action to ensure that the bank’s business strategy is aligned with the Sustainable Development Goals (SDGs), the Paris Climate Agreement, among other national and regional priorities.

The agreement on the 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 environmental and social trends and considerations into its operations.

From her side, the regional leader of UNEP FI valued the incorporation of APAP into the largest global banking community, and reiterated the commitment to accompany it in identifying new business opportunities focused on sustainable finance.

UNEP FI is a network of financial institutions convened by the UN that includes banks, insurers, and investors. Its members represent more than $100 trillion in assets and seek to strengthen market practices in responsible banking and sustainable insurance.