BMCE Bank of Africa: First Bank in Morocco to Support “Responsible Banking Principles”

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BMCE Bank of Africa is the first Moroccan bank to support the “Responsible Banking Principles” of the Financial Initiative of the United Nations Environment Program (UNEP-FI), which will be formally launched jointly with the Secretary-General of the United Nations in September 2019 on the sidelines of the United Nations General Assembly in New York.

This support for UNEP-FI’s principles is another example of BMCE Bank of Africa’s leadership in sustainable development, says a statement from the bank, which joins 52 leading banks.

Since its privatization in 1995, the BMCE Bank of Africa has been committed to promoting Positive Impact Sustainable Finance, capitalizing on key international commitments such as the United Nations Financial Initiative (UNEP-FI), which it has signed in 2000, the establishment of a social and environmental risk management system in partnership with IFC in 2009, the principles of Ecuador in 2010, the Mainstreaming Climate Action Initiative and Global Compact of the United Nations in 2016, and the positive impact of UNEP-FI in 2017, said the same source.

Since 2018, the press release adds, a Group “CSR Charter” confirms the anchoring of the responsible approach across the Group through six strategic commitments. It is a matter of respecting business ethics and the interests of customers, promoting sustainable financing and social entrepreneurship, being a responsible employer, listening to employees and accompanying their development, being diligent in their exercise of governance and risk management, protect the environment and act in the interest of the communities and support dialogue with the Group’s stakeholders.

UNEP-FI is a global partnership between the United Nations Environment Program and the financial sector under the slogan “change financing, finance change”. It aims to promote sustainable, positive impact financing and has more than 200 institutions committed to working together to achieve common sustainable development goals.