64-14 Sustainable Banking Principles and Sector Guidance Notes

Summary

The Sustainable Banking Principles and Sector Guidance Notes 2019 is a set of guidelines developed by the Bank of Ghana to promote sustainable and responsible banking practices in Ghana. The principles provide a framework for banks to integrate environmental, social, and governance (ESG) considerations into their business operations, risk management, and decision-making processes. The guidance notes provide detailed guidance on how to implement the principles and specific areas of ESG risk and opportunity that banks should consider. The Sustainable Banking Principles and Sector Guidance Notes are designed to be voluntary and flexible, allowing banks to tailor their approach to their specific circumstances and priorities. They are also aligned with international best practices, including the United Nations Sustainable Development Goals and the Equator Principles.

Issuer

Ghana

Year

2019

Region

Africa

Issuer (type)

Bank of Ghana (Central Bank)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Voluntary Use

Main industries targeted

Mining, Quarrying, Oil & Gas Extraction
Agriculture, Forestry, Fishing & Hunting
Manufacturing
Construction

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 3: Good Health and Well-being
SDG 4: Quality Education
SDG 6: Clean Water and Sanitation
SDG 7: Affordable and Clean Energy
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land
SDG 17: Partnerships for the Goals