“This milestone reaffirms the bank’s dedication to driving sustainable development and aligning its strategies with the goals of the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).
Joining UNEP FI, a global partnership between the United Nations and the financial sector, places Armswissbank among an esteemed network of institutions committed to embedding sustainability at the core of their operations,” the bank said in a news release.
As a signatory of the Principles for Responsible Banking, Armswissbank pledges to:
• Strategic Alignment: Align its business strategy with society’s needs, as expressed in the SDGs and the Paris Agreement.
• Sustainability Integration: Integrate environmental and social considerations into its decision-making processes.
• Accountability and Transparency: Publicly report on its positive and negative impacts, setting targets for performance.
• Collaboration and Innovation: Partner with stakeholders to deliver measurable change for sustainable development.
“Becoming a UNEP FI member and a signatory to the Principles for Responsible Banking marks a significant step in our journey towards sustainability. We are committed to leveraging our resources, expertise, and partnerships to address global challenges such as climate change, inequality, and resource depletion while fostering economic growth,” said Mr. Gevorg Machanyan, CEO of Armswissbank.
“Over the years, Armswissbank has demonstrated leadership in sustainable finance by actively supporting green investments, renewable energy projects, and energy-efficient solutions. The bank’s participation in initiatives such as the EBRD-GEFF Armenia program, KfW Bank programs and the development of blended financial products highlights its strategic focus on fostering a green and inclusive economy.
As part of its commitment under the PRB framework, Armswissbank will collaborate with other global financial institutions to share and adopt best practices and contribute to the transition to a low-carbon and resilient economy,” the news release reads.
For further information on Armswissbank’s sustainability initiatives and its membership in UNEP FI, please call +374 60 757 000.
About ARMSWISSBANK CJSC
ARMSWISSBANK CJSC is a leading financial institution in Armenia, known for its innovative approach to banking and its commitment to sustainable development. The Bank actively supports initiatives that drive economic growth while addressing environmental and social challenges.
About UNEP FI
The United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between the United Nations and the global financial sector to mobilize private sector finance for sustainable development. UNEP FI works with its members to shape sustainable finance solutions and align the industry with global environmental and social objectives.
ArmSwissBank is supervised by the CBA.
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