Jiangxi Bank has recently become an official signatory of the UN Principles for Responsible Banking (PRB)and a member of the United Nations Environment Programme Finance Initiative (UNEP FI).

UNEP FI was in charge of developing the PRB alongside members of the banking community. The framework was launched in September 2019 at the UN General Assembly in New York. In the past four years, the number of banks has grown from 130 founding signatories to more than 340 banks from 80 countries currently, covering approximately 54% of banking assets worldwide. There are currently 25 other Chinese banks committed to the UN Principles for Responsible Banking.

This global framework encompasses six fundamental Principles: Alignment, Impact and Target Setting, Clients and Customers, Stakeholders, Governance and Culture, Transparency and Accountability, serving to help banks embed sustainability into their core strategy and operations. Implementing  the Principles helps banks to improve risk management, conduct an impact assessment of their portfolio and discover new business opportunities. Becoming a signatory also provides the tools, information and professional knowledge to help with implementation of the commitment and align with the vision set out in the UN Sustainable Developments Goals and other international, regional, and national agreements.

In recent years, Jiangxi Bank has continuously improved its governing structure, enhanced its Environment, Social and Governance (ESG) management system, improved the quality of information disclosure, and infused the concepts of sustainable development into corporate governance. By practicing the concept of green development, enhancing green finance management structure and green loan investment, Jiangxi Bank successfully established the first "carbon-neutral sub-branch" of a city commercial bank in Jiangxi Province, and became “Partnership for Early Awareness of Sustainability-disclosure Today(P4EAST)” of the International Sustainability Standards Board (ISSB) Beijing Office, exploring green finance development in a positive manner. Jiangxi Bank has practiced its social responsibility proactively, committed to enhance the quality and effectiveness of inclusive financial service, continuously increased their financial support towards Micro and Small-sized Enterprises and individual business, deepened the concepts of sustainable development and enriched the connotation of “New Jiangxi Bank, Service with Heart”.

Jiangxi Bank will leverage its new signatory status to the PRB aligning its practice with the six Principles, in order to strengthen the foundation of sustainable development, continuously improve ESG governance capacity and performance level to contribute to the high-quality development of the society and economy.