UNEP FI Launches Newest Guidance on Financial Health and Inclusion for Banks

The United Nations Environment Programme Finance Initiative (UNEP FI) has unveiled its latest initiative aimed at advancing the Principles for Responsible Banking (PRB). The new guidance titled, “Driving Impact on Financial Health and Inclusion of Individuals and Businesses: From Setting Targets to Implementation” is set to support financial institutions advance the financial well-being of their customers, both individuals and businesses. Developed alongside 27 signatory banks worldwide and leading experts in financial well-being, this guidance seeks to establish a common understanding of Financial Health and Inclusion that is actionable for financial institutions.

Financial institutions play a crucial role in promoting Financial Health and Inclusion of the individuals, businesses, and communities they serve. By prioritising financial well-being, these institutions not only benefit from increased customer loyalty and product uptake but also contribute to poverty alleviation and the creation of healthier and more inclusive economies.